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
fca efsa CySEC

USD/JPY Impulsive Bearish Breakout below Triangle Pattern

August 21, 2018 09:57


4 hour

USD/JPY Wave AnalysisSource: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave

The USD/JPY is making a lower low as expected after breaking below the support trend lines (dotted blue). The bearish breakout could be aiming for the -27.2% Fibonacci target at 109.25, or the 50% Fib at 108.94. A break above the resistance trend line could indicate the end of wave Y (pink) of wave E (purple).

1 hour

USD/JPY Wave AnalysisSource: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave

The USD/JPY broke the support trend line (dotted blue) of the triangle chart pattern yesterday with a strong impulse. The price is probably in a wave 5 (blue), although the current momentum suggests that the UJ is building a smaller wave 3 within wave 5.

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

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.