In light of CME Group’s preliminary data for GBP futures markets, investors trimmed their open interest positions by around 2.2K contracts on Tuesday vs. Monday’s final 193,878 contracts. On the other hand, volume rose by almost 6.6K contracts. GBP/USD could test 1.3289/1.3300 Cable‘s rebound from recent lows in the mid-1.2900s was on the back of shrinking open interest and volume. A test of the 55-day sma at 1.3289 appears on the cards ahead of the critical 1.3300 handle, although a more sustainable up move would require a strong catalyst or a sharp shift in sentiment. 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/JPY still neutral near term – UOB FX Street 5 years In light of CME Group's preliminary data for GBP futures markets, investors trimmed their open interest positions by around 2.2K contracts on Tuesday vs. Monday's final 193,878 contracts. On the other hand, volume rose by almost 6.6K contracts. GBP/USD could test 1.3289/1.3300 Cable's rebound from recent lows in the mid-1.2900s was on the back of shrinking open interest and volume. A test of the 55-day sma at 1.3289 appears on the cards ahead of the critical 1.3300 handle, although a more sustainable up move would require a strong catalyst or a sharp shift in sentiment. 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.
