GBP/USD made a nice comeback from the abyss below 1.60, thanks to the weakness of the US dollar, especially after the FOMC. What’s next for cable? Nomura look at the charts and see how Wave-C is set unfold. Here is their view, courtesy of eFXnews: Sterling nailed the wave-(b) target by extending to 1.236 x wave-(a) which is an ideal move, notes Nomura. “With waves-(a) and (b) of the 3-wave correction complete, our focus now shifts to the final leg higher (wave-(c)) towards 1.65/66,” Nomura projects. “S/t, the final move up is expected to unfold as a sharp 5-wave rally. Near-term resistance is 1.6288. So fart the initial wave-i rally is complete and this implies that pullbacks can be used to add long exposure for a the larger move higher,” Nomura adds. For lots more FX trades from Credit Agricole and other 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 Forex News Today: Daily Trading News share Read Next US Dollar Hit Hard After FOMC Pours Cold Water on Guest 8 years GBP/USD made a nice comeback from the abyss below 1.60, thanks to the weakness of the US dollar, especially after the FOMC. What's next for cable? Nomura look at the charts and see how Wave-C is set unfold. Here is their view, courtesy of eFXnews: Sterling nailed the wave-(b) target by extending to 1.236 x wave-(a) which is an ideal move, notes Nomura. "With waves-(a) and (b) of the 3-wave correction complete, our focus now shifts to the final leg higher (wave-(c)) towards 1.65/66," Nomura projects. "S/t, the final move up is expected to unfold as a sharp 5-wave rally.… Regulated 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.
