Today’s option, the PUT on GBPCHF, 31.10.2017

Today’s option is a analyscykel for binary options performed in cooperation with uTrader. Each day we present the best PUT or CALL options for the selected financial instrument together with the current technical analysis.

Since the middle of september, GBPCHF moved in a horizontal trend. The level 1,2765 was rejected. Then the quiet growth, the market has reached the upper border of the consolidation, where yesterday’s first försörjningsreaktion occurred. Permanent rejection of this resistance could open the way to further declines – at least until the above level 1.2765. In the short term therefore, it is worth to consider the option PUT on this instrument.

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