Sterling Digest, April 23 2012: bulls maintain control

• Posted by faithmight
• on April 23rd, 2012

$EURGBP breaks to new lows to open the new trading week as fully anticipated by many in Thursday’s digest. Sterling also maintained bullish momentum versus the commodity dollars as $GBPAUD, $GBPNZD, and $GBPCAD continued to rally higher in Monday trading. $GBPUSD was the odd man as it trades in a narrow range struggling with both a strong USD and strong GBP. If USD strength remains, look for cable to correct lower to 1.60 before rallying again to new highs.

• FOMC Preview: All Eyes On Econ, FFR Projections For Outlook Change (Forex Live)
• After Game Changing Data Sterling Hits Three-Year High Versus Euro (SFO Magazine)
• How Do You Measure a Cup and Handle Target? (The FX Cafe)
• GBPUSD Update (50′s Blog)
• USD crosses (Big Trading)
• Daily Chart Art – April 23, 2012 (Baby Pips)
• GBPUSD 4H (Chart.ly)
• Retail Trader Positioning 23rd April (Pivot Farm)

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