In light of CME Group’s preliminary figures for GBP futures markets, investors trimmed their open interest positions by around 3K contracts on Friday vs. Thursday’s final 220,862 contracts. On the opposite position, volume dropped by nearly 11.3K contracts. GBP/USD supported around 1.3000 Cable’s downside on Friday was accompanied by a drop in open interest and an uptick in volume. Declining prices in GBP/USD coupled with diminishing open interest should remove downside pressure from the pair, while the volume appears to be rising at a slow place. Support should emerge at the psychological 1.3000 handle, which appears reinforced by the 55-day SMA at 1.2994. 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 AUD/USD Review: Recovers early lost ground to the 0.7200 neighborhood, US ISM PMI eyed FX Street 4 years In light of CME Group's preliminary figures for GBP futures markets, investors trimmed their open interest positions by around 3K contracts on Friday vs. Thursday's final 220,862 contracts. On the opposite position, volume dropped by nearly 11.3K contracts. GBP/USD supported around 1.3000 Cable's downside on Friday was accompanied by a drop in open interest and an uptick in volume. Declining prices in GBP/USD coupled with diminishing open interest should remove downside pressure from the pair, while the volume appears to be rising at a slow place. Support should emerge at the psychological 1.3000 handle, which appears reinforced by the 55-day… 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.
