According to flash data for GBP futures markets from CME Group, open interest rose for the second session in a row on Thursday, this time by just 718 contracts. On the other hand, volume decreased for another day by almost 21.7K contracts. GBP/USD supported by the 200-day SMA near 1.2970 The recent down move in Cable was on the back of increasing open interest, allowing for the continuation of this trend. However, shrinking volume could remove tailwinds from this view, reinforced by the proximity of the critical 200-day SMA in the 1.2970 region. 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 USD/IDR Technical Analysis: 14,180 is the level to beat for buyers FX Street 4 years According to flash data for GBP futures markets from CME Group, open interest rose for the second session in a row on Thursday, this time by just 718 contracts. On the other hand, volume decreased for another day by almost 21.7K contracts. GBP/USD supported by the 200-day SMA near 1.2970 The recent down move in Cable was on the back of increasing open interest, allowing for the continuation of this trend. However, shrinking volume could remove tailwinds from this view, reinforced by the proximity of the critical 200-day SMA in the 1.2970 region. 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.
