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 are in a steep six-week-old downtrend and the bears have the firm near-term technical advantage. A move below chart support at the recent low of 1.6484 would become a selling opportunity. The downside price objective would be 1.6200 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.6600.
