GBP futures: upside could be running of steam

Investors trimmed their open interest positions by more than 3.6K contracts on Wednesday vs. Tuesday’s final 227,514 contracts. Volume, instead, rose for the second session in a row, this time by around 8.6K contracts.

GBP/USD met resistance at 1.3200 so far

Cable’s bullish move clinched tops near 1.3200 the figure on Wednesday, where some decent resistance turned up. Declining open interest and rising volume could remove some legs from the ongoing up move.

Articles You May Like

NZD/USD buoyed as buyers search for break above key daily resistance levels
Kiwi buyers finally got their wish but can they build on the upside break?
The art of the deal. Pres. Trump tweeting
Wall Street sees record higher, S&P cracks the 3000 mark, DJIA adds 244 points
Make Money In Forex Trading With This Forex Strategy

Leave a Reply

Your email address will not be published. Required fields are marked *