CME Group’s preliminary figures for GBP futures markets noted open interest extended its downtrend for another session and dropped by 667 contracts on Friday. In the same line, volume shrunk for the third session in a row, this time by around 12.1K contracts. GBP/USD supported by 200-day SMA Cable‘s is prolonging the consolidative mood seen in past sessions amidst marginal moves in open interest and a persistent decline in volume. That said, the continuation of the rangebound theme is not ruled out in the near term, while the key 200-day SMA in the 1.2960 region should hold the downside. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Thai Central Bank: Not manipulated currency for trade advantage with US FX Street 3 years CME Group's preliminary figures for GBP futures markets noted open interest extended its downtrend for another session and dropped by 667 contracts on Friday. In the same line, volume shrunk for the third session in a row, this time by around 12.1K contracts. GBP/USD supported by 200-day SMA Cable's is prolonging the consolidative mood seen in past sessions amidst marginal moves in open interest and a persistent decline in volume. That said, the continuation of the rangebound theme is not ruled out in the near term, while the key 200-day SMA in the 1.2960 region should hold the downside. 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.
