Open interest in GBP futures markets shrunk by nearly 2.7K contracts at the end of last week according to flash data from CME Group. Volume, instead, reversed two consecutive drops and increased by almost 7.5K contracts. GBP/USD faces extra consolidation Cable’s uptick on Friday was accompanied by declining open interest and increasing volume, all opening the door to the continuation of the consolidative mood prevailing since the start of the year. The lower bound of the range emerges at the so far 2020 lows near 1.2850, while the 55-day SMA in the mid-1.3000s should offer decent resistance. 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 S. Korea’s Pres. Moon: May consider supplementary budget to combat coronavirus impact FX Street 2 years Open interest in GBP futures markets shrunk by nearly 2.7K contracts at the end of last week according to flash data from CME Group. Volume, instead, reversed two consecutive drops and increased by almost 7.5K contracts. GBP/USD faces extra consolidation Cable’s uptick on Friday was accompanied by declining open interest and increasing volume, all opening the door to the continuation of the consolidative mood prevailing since the start of the year. The lower bound of the range emerges at the so far 2020 lows near 1.2850, while the 55-day SMA in the mid-1.3000s should offer decent resistance. 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.
