March British Pound Futures a Selling Opportunity on More Price Weakness

See on the daily bar chart for the March British pound futures that prices are in a downtrend and last week hit a contract low. Prices are also now in a pause mode, which is not bullish. A move in prices below chart support at the contract low of 1.5576 would become a selling opportunity. The downside price objective would be 1.5000, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.5800.

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