September British Pound Futures a bBuying Opportunity on More Price Strength
See on the daily bar chart for the September British pound futures that prices are in an uptrend and have just hit a contract high this week. The bulls are in full technical command and there are no early warning signals of a market top being close at hand. A move above chart resistance at the contract high of 1.6978 would become a buying opportunity. The upside price objective would be 1.7250, or above. Technical support, for which to place a protective sell stop just below, is located at 1.6850.
