Option for today is a series of analyses for binary options in cooperation with the BDSwiss broker. Every day we present the best options PUT or CALL for selected financial instrument with its current technical analysis.
As a result of last week’s gains USDJPY pair reached very important resistance level 111.515, rejection could cause at least a downward correction. So far this level has not been thoroughly tested yet and in near future we could expect such a test. If there is supply reaction in the area, we may expect another decline. This scenario is backed not by only the strong buyback on the Stochastic oscillator, but also the fact that the market since yesterday did not make even one downward correction.
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