GBP futures: door open for extra gains

CME Group’s advanced data for GBP futures markets noted investors added around 4.8K contracts to their open interest positions on Friday following three consecutive daily pullbacks. In the same line, volume rose for the second session in a row, this time by more than 36K contracts.

GBP/USD now looks to April tops near 1.3200

Cable’s recent positive performance was on the back of rising open interest and volume, allowing for the continuation of the bull run at least in the short-term horizon. The next target is now at April peaks in the boundaries of 1.3200 the figure.