June British pound futures a selling opportunity on more price weakness.
See on the daily bar chart for June British pound futures that prices have been trending lower for the past six weeks. A move below chart support at 1.6550 would give the bears some fresh downside technical momentum and it would also become a selling opportunity. The downside price objective would be 1.6250, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.6700.
