The pound managed to defy dovish meeting minutes and gain some ground against the dollar. The team at Nomura examines the charts and sees the next moves: Here is their view, courtesy of eFXnews: GNP/USD has resolved a bullish rounded bottom pattern, notes Nomura. “Although projection targets have already been met, we expect a continuation higher both in the near and medium term because of the impulsive nature of this rally. From a wave perspective, waves-1 through 3 of an initial 5-wave move are in place and now a 4th wave consolidation is expected to form; a choppy triangle would be ideal. Once the range is complete another rally towards 1.5450 can mark wave-5 in the first leg of this new uptrend,” Nomura projects. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Other Forex Stuff share Read Next Sell AUD rallies – Credit Agricole Yohay Elam 6 years The pound managed to defy dovish meeting minutes and gain some ground against the dollar. The team at Nomura examines the charts and sees the next moves: Here is their view, courtesy of eFXnews: GNP/USD has resolved a bullish rounded bottom pattern, notes Nomura. "Although projection targets have already been met, we expect a continuation higher both in the near and medium term because of the impulsive nature of this rally. From a wave perspective, waves-1 through 3 of an initial 5-wave move are in place and now a 4th wave consolidation is expected to form; a choppy triangle would… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
