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 solid downtrend and have just recently hit a contract low. Bears are in full technical command. A move below chart support at the contract low of 1.5787 would become a selling opportunity. The downside price objective would be 1.5250 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.6000.
