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
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.

GBP/USD Ascending Trend Line Breakout

July 26, 2018 21:45


Source: Admiral Markets MT5 with MT5SE Add-on

The GBP/USD has broken through a trend line that marks a possible continuation of a bullish move. The POC zone is 1.3165-85. The price needs to make a close above 1.3209 to proceed further up. Intraday target zone is 1.3220-30 while the extension on a positive bullih momentum can lead up to 1.3260. If the trend persists we could see 1.3311 by the end of the week.

W L3 - Weekly Camarilla Pivot (Weekly Interim Support)

W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

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


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.