December British pound futures a buying opportunity on more price strength.
See on the daily bar chart for the December British pound futures that prices are in a steep near-term uptrend and have recently hit a nine-month high. Prices have recently seen a corrective, profit-taking pullback but the bulls still have upside near-term technical momentum and the solid overall technical advantage. A move above chart resistance at 1.6100 would become a buying opportunity. The upside price objective would be 1.6500, or above. Technical support, for which to place a protective sell stop just below, is located at 1.5900.
