According to preliminary data from CME Group for GBP futures markets, open interest extended the choppy activity and shrunk by almost 11.5K contracts on Friday. on the other hand, volume reversed three consecutive pullbacks and rose by near 40.9K contracts. GBP/USD faces the next hurdle at 1.3200 Cable is prolonging the rally on Tuesday. Indeed, extra gains appear supported by the broad-based weakness in the greenback, although the downtick in open interest hints at the presence of short covering behind the move up. That said, GBP/USD faces a strong hurdle in the 1.3200 neighbourhood, which could spark at the same time some consolidation or even a correction lower. 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 Bitcoin Price Prediction: BTC/USD draws closer to $7,000 – Confluence Detector FX Street 3 years According to preliminary data from CME Group for GBP futures markets, open interest extended the choppy activity and shrunk by almost 11.5K contracts on Friday. on the other hand, volume reversed three consecutive pullbacks and rose by near 40.9K contracts. GBP/USD faces the next hurdle at 1.3200 Cable is prolonging the rally on Tuesday. Indeed, extra gains appear supported by the broad-based weakness in the greenback, although the downtick in open interest hints at the presence of short covering behind the move up. That said, GBP/USD faces a strong hurdle in the 1.3200 neighbourhood, which could spark at the same… 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.
