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
  • Tagatisfond protection
  • 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 Lengthy Consolidation Zone Awaiting New Critical Breakout

April 05, 2018 10:29

GBP/USD

4 hour

The GBP/USD is moving sideways at the 50% Fibonacci level of potential wave 4 (green) retracement. The support and resistance level of this consolidation zone are key zones for a bullish or bearish breakout. A bearish break could indicate that the current range is a wave B or 2 and increases the chance of a bearish reversal whereas a bullish bounce could see price move up within the trend.

1 hour

The GBP/USD wave pattern is fragile at this moment and will depend on the breakout direction above or below of the consolidation pattern. A break below the 50 and 61.8% Fibonacci level makes a wave 4 (green) unlikely. A bullish break, however, could perhaps start a larger bullish momentum as price might be building a wave 3 (green).

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.