STOR suggesting a beginning of short/mid-term bullish swing for GBP

07/12/2011 08:24 UTC GBP swings higher as it strengthens against the USD, EUR, NZD, CAD and AUD. Recent mid-term strength indicator reading for GBP is 2 out of 8, thus suggesting that the current swing may be non-sustainable.

The following pairs may gain the most from the recent swing action:

GBP/USD (Long)
EUR/GBP (Short)
GBP/NZD (Long)
GBP/CAD (Long)
GBP/AUD (Long)

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