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
  • Negative balance 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 Bullish Breakout Approaches Key 112.50 Resistance

November 30, 2017 06:00

USD/JPY

4 hour

The USD/JPY broke above the resistance of the bearish channel (dotted red). The bullish breakout could indicate the completion of wave 2 or wave B (purple) as well. The key levels are the Fibs of wave X (pink) because a bearish bounce could see price fall towards the 61.8% at 110. Strong bullish momentum makes a wave X (pink) unlikely.

1 hour

The USD/JPY is either in a wave C (blue) or wave 3. A wave C is more likely if price stops at the 38.2% or 50% Fibs of wave X vs W. A key resistance level is also the 112.50 round figure.

EUR/USD

4 hour

The EUR/USD bearish retracement has reached the support trend line (blue) which is a bullish bouncing spot. For the moment a larger wave 2 correction (pink) seems likely.

1 hour

The EUR/USD completed 5 bearish waves (blue) which could be part of a larger wave A (purple). A bullish ABC (blue) could see price test the Fib levels of wave B (purple).

GBP/USD

4 hour

The second GBP/USD bullish breakout is showing strong momentum which could be part of a larger wave 5 (orange). The bullish price action is at a new bounce or break spot. A bearish bounce could see price retest the broken resistance (dotted red) and 50% Fibonacci of wave 2 vs 1.

1 hour

The GBP/USD in a bullish trend channel and could be building a wave 1 (green) within wave 3 (brown).

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

Download MT4 Supreme Edition - Forex 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.