June British pound futures a selling opportunity on fresh price weakness.

See on the daily bar chart for the June British pound futures, traded at the Chicago Mercantile Exchange, that prices are in a 2.5-month-old downtrend and recently hit a multi-month low. There has been a corrective upside bounce in the pound futures just recently, but the bears still have the solid overall near-term technical advantage. A move below technical support at 1.5000 would provide the bears with fresh downside momentum and it would also become a fresh selling opportunity. The downside price objective would be 1.4500 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.5250.

June British Pound Futures Chart