December British Pound Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the December British pound futures that prices remain in a solid downtrend and on Wednesday hit another contract low. The bears remain in firm technical control. A move below chart support at Wednesday’s low of 1.5868 would become a selling opportunity. The downside price objective would be 1.5300, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.6100.
