Regulator

What happens if I select a regulator?

Admiral Markets UK is regulated by the UK Financial Conduct Authority (FCA): Firm Ref № 595450.

Admiral Markets AS is regulated by the Estonian Financial Supervision Authority (EFSA): License № 4.1-1/46.

Selecting one of these regulators will display the corresponding information across the entire website. If you would like to display information for a different regulator, please select it.

Thank you, got it
fca
efsa

USD/JPY Bullish Zig-Zag Aims for Higher Levels

December 22, 2017 12:09

Although we are in Christmas trading mode, we still should be able to earn pips by trading properly. There is a lot of profit taking in the markets before the holidays and we can see some risk-on in the markets as Yen is weakening. The popular "Ninja" or the USD/JPY is trying to break the H# resistance at this point. If the price retraces to the POC zone 113.05-15 ( D L3, EMA89, trend line, historical buyers) it could spike to 113.44 and 113.85. However a clear break of 113.45 is needed for a further bullish momentum. Loss of 112.85 should put the pair into a neutral territory again.

W L3 - Weekly Camarilla Pivot (Weekly Interim Support)

W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

Follow @TarantulaFX on twitter for latest market updates

Sign up for Live Trading Webinars with Nenad Kerkez T

Connect with Nenad Kerkez T on Facebook for latest market update

Read the Camarilla trading blog


Admiral Markets account