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

USD/JPY Builds Key Triangle Pattern at Decision Zone

November 08, 2017 06:30

USD/JPY

4 hour


The USD/JPY failed again to break above the 114.50-115 resistance zone, which is a major break or bounce spot. A rising wedge reversal chart pattern is still present (blue/orange lines) and includes a divergence pattern between the tops (purple line). A break below support could indicate a larger bearish move whereas an uptrend continuation seems most likely above resistance (red).

1 hour


The USD/JPY is building a triangle pattern which is marked by support and resistance trend lines. A bullish break could see price retesting the previous top whereas a bearish break could see a wave 3 (pink) emerge.

EUR/USD

4 hour


EUR/USD broke below the bottom (dotted green) but is now building a new retracement. A bullish break above the resistance trend lines could indicate a larger retracement. If price stays below it, then a bearish continuation towards the 38.2% Fibonacci level at 1.15 is still possible.

1 hour


The EUR/USD seems to be building a wave 1-2 (orange) correction and a break below support (green) could see price continue with the downtrend.

GBP/USD

4 hour


The GBP/USD is in a small and large wedge. A break below the support trend line (green) of the smaller triangle could see bearish breakout towards support (blue).

1 hour

The wave 3 (brown) could occur if price shows bearish momentum and breaks the trend line.

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

MT4 Forex and CFD trading platform


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.