September British pound futures a selling opportunity on more price weakness.
See on the daily bar chart for the September British pound futures that prices are in a fledgling downtrend and have just hit a four-week low. The bulls are fading. A move in prices below solid chart support at Thursday morning’s low of 1.6966 would become a selling opportunity. The downside price objective would be 1.6750, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.7050.
