CME Group’s advanced data for GBP futures markets noted investors trimmed their open interest positions by almost 2.8K contracts on Friday, reaching the second drop in a row. Volume followed suit and also shrunk for the second consecutive session, now by nearly 123K contracts. GBP/USD still looks to 1.30, but”¦ Cable‘s impressive upside since early October appears to have met a tough nut to crack in the vicinity of the 1.30 handle so far. That said, Friday’s advance was in tandem with shrinking open interest and volume, opening the door for some correction/consolidation in the near term. The current overbought levels of the pair also reinforce the idea that a reversion of the up move could be in the offing. 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 EUR/USD could test the 1.1200 region near term – UOB FX Street 3 years CME Group's advanced data for GBP futures markets noted investors trimmed their open interest positions by almost 2.8K contracts on Friday, reaching the second drop in a row. Volume followed suit and also shrunk for the second consecutive session, now by nearly 123K contracts. GBP/USD still looks to 1.30, but"¦ Cable's impressive upside since early October appears to have met a tough nut to crack in the vicinity of the 1.30 handle so far. That said, Friday's advance was in tandem with shrinking open interest and volume, opening the door for some correction/consolidation in the near term. The current overbought… 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.
