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 the selected financial instrument with its current technical analysis.
Pair USDJPY reached tonight a very important resistance area around 111.25 level, where we can expect the emergence of a strong supply response.
Looking at the H1 chart we can see that the market for several days, is moving in the growth channel. Given the nature of the current resistance area and the fact that for a long time did not occur on this instrument, any downward correction we could consider opening PUT option on this instrument.
The best solution would be, however, waiting until the market breaks the bottom of the aforementioned growth channel and permanently overcomes the support level around 109.70.
An additional confirmation of the decline may also be present situation in the Stochastic oscillator, which indicates the divergence in favor of declines.
BDSwiss offers a 72% return if the option. If you win, this is how much you will earn. If you lose, you never lose more than you bet. You can also choose other options expiration time, both in the shorter and longer term.
