Admiral Markets Group consists of the following firms:

Admiral Markets Pty Ltd

Regulated by the Australian Securities and Investments Commission (ASIC)
  • Leverage up to:
    1:500 for retail clients
  • Volatility protection
  • Negative Account Balance Policy
CONTINUE

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
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 Trend Depends on Breakout Direction at Resistance

September 12, 2018 09:32

USD/JPY

4 hour

USD/JPY Hourly ChartSource: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave – 12 September 2018 at 4:00 AM GMT

The USD/JPY bounced at the resistance trend line, but remains in the bullish channel. A break above the resistance could indicate a breakout towards the next 78.6% Fibonacci retracement level, whereas a break below the channel indicates a potential move down to the next support (blue) trend line. The price could be building a bullish wave C (purple) within a larger wave X (pink) correction.

1 hour

USD/JPY Hourly ChartSource: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave – 12 September 2018 at 4:00 AM GMT

The USD/JPY seems to have completed a 5th wave (blue) at the resistance, although a bullish breakout could extend the wave 5. A bearish breakout could start the wave Y (pink) of the 4 hour chart.

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.