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.

Admiral Markets Cyprus Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC): License number 201/13.

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

EUR/USD, GBP/USD Bullish Reversals at Fibonacci Support Levels

February 07, 2018 05:30


4 hour

The EUR/USD bounced at the support trend line (green), which could indicate that the WXY (blue) correction within wave 4 (purple) has been completed. A break above the resistance trend lines (red) would confirm the end of wave 4 and could indicate an uptrend continuation within wave 5 (purple).

1 hour

The EUR/USD seems to have completed a bearish ABC (green) correction within wave 4 (purple). The bullish bounce at support (green) could indicate a wave 1 (blue) and the start a continuation of the uptrend. A break below the 100% Fib would invalidate the wave 1-2 pattern.


4 hour

The GBP/USD bounced at the 50-61.8% Fibonacci zone which could still be part of a wave 4 (green) correction. A break above the previous top (red) could indicate a continuation rally.

1 hour

The GBP/USD has probably completed a bearish ABC (grey) zigzag correction and is now building a wave 1-2 (blue) pattern. A break above resistance (red) could indicate the start of wave 3 (blue).


4 hour

The USD/JPY is trapped between strong support (green/blue) and resistance (red/orange). For the moment, a wave 1-2 (purple) seems the most likely but a bearish break below the bottom and 100% Fib invalidates the wave 2 (purple).

1 hour

The USD/JPY needs to break above resistance (red) before an uptrend continuation is likely.

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.

Forex101 Forex Trading Course

Risk Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.