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
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.
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.

USD/JPY Bounce or Break Spot at Uptrend Channel Support

Mai 03, 2018 11:45

USD/JPY

4 hour

The USD/JPY uptrend channel reached the 110 round level and 38.2% Fibonacci level of potential wave D (light purple) and price seems to be moving away from this target. The direction of the USD/JPY however will depend on how price will respond to the channel. A bearish break below the channel could indicate the completion of wave X (pink) and the start of a bearish correction whereas a bullish break could see price move towards the 50% Fib.

1 hour

The USD/JPY could see a continuation of the wave 5 (green) if price stays above the support trend lines. A break below the support zone could indicate the completion of the bullish pattern.

Good trading,

Chris Svorcik

P.S. Don't forget to follow Admiral Markets on Facebook – or @AdmiralMarkets on Twitter – for the latest market updates.

This material does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not 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.


Risikohinweis

CFDs sind komplexe Instrumente und gehen wegen der Hebelwirkung mit dem hohen Risiko einher, schnell Geld zu verlieren. 83% der Kleinanlegerkonten verlieren Geld beim CFD-Handel mit diesem Anbieter. Sie sollten überlegen, ob Sie verstehen, wie CFDs funktionieren und ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.