In light of preliminary data from CME Group for GBP futures markets, investors scaled back their open interest positions by just 428 contracts on Tuesday and volume retreated by almost 9.8K contracts after three consecutive daily builds. GBP/USD: a test of 1.30 remains on the table Cable is correcting lower for the second consecutive session on Wednesday. Tuesday’s retracement was on the back of declining open interest and volume, which should leave the downside somewhat limited in the short-term. That said, the 1.2875/69 band offers interim contention. In this area of support coincide the 21-day and the 10-day SMAs. 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 NEO price analysis: NEO beats the market with 5% gains FX Street 3 years In light of preliminary data from CME Group for GBP futures markets, investors scaled back their open interest positions by just 428 contracts on Tuesday and volume retreated by almost 9.8K contracts after three consecutive daily builds. GBP/USD: a test of 1.30 remains on the table Cable is correcting lower for the second consecutive session on Wednesday. Tuesday's retracement was on the back of declining open interest and volume, which should leave the downside somewhat limited in the short-term. That said, the 1.2875/69 band offers interim contention. In this area of support coincide the 21-day and the 10-day SMAs. 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.
