$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)