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 choppy four-week-old uptrend and late last week hit a six-week high. The bulls have gained technical strength recently and would gain fresh power by pushing prices above chart resistance at 1.5500. That would also become a buying opportunity. The upside price objective would be 1.5900, or above. Technical support, for which to place a protective sell stop just below, is located at 1.5300.
