Admiral Markets Group consists of the following firms:

Admiral Markets UK Ltd

Regulated by the Financial Conduct Authority (FCA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • FSCS protection
  • Negative balance protection
CONTINUE

Admiral Markets AS

Regulated by the Estonian Financial Supervision Authority (EFSA)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • Guarantee Fund
  • Negative balance protection
CONTINUE

Admiral Markets Cyprus Ltd

Regulated by the Cyprus Securities and Exchange Commission (CySEC)
  • Leverage up to:
    1:30 for retail clients,
    1:500 for professional clients
  • ICF protection
  • Negative balance protection
CONTINUE

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
CONTINUE
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Note: If you close this window without choosing a firm, you agree to proceed under the FCA (UK) regulation.
Regulator fca efsa CySEC asic

GBP/USD Downtrend Remains in Bearish Wave 4 below 1.40-1.41

April 26, 2018 10:55

GBP/USD

4 hour

The GBP/USD is moving lower in a strong downtrend channel. Price could show a bearish continuation within wave 1 (pink) but eventually a bullish ABC correction is expected within wave 2 (pink). Price usually retraces to deeper Fibonacci levels such as the 50, 61.8 or 78.6% Fib before turning back down for a potential wave 3.

1 hour

The GBP/USD made a small bearish continuation but failed to break the previous bottom. A bullish move could still be part of the wave 4 (purple) correction unless price shows strong momentum breaking above the 38.2-50% Fib zone. A bearish break could see price move towards the Fib targets of wave 5 (purple).

Good trading,

Chris Svorcik

P.S. Don't forget to follow Admiral Markets on Facebook – or @AdmiralMarkets on Twitter – for the latest market updates.


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.