December British pound futures a selling opportunity on fresh price weakness.
See on the daily bar chart that the December British pound futures, traded at the Chicago Mercantile Exchange, are presently in a three-week-old downtrend. A move below technical support at 1.6050 would provide the bears with fresh downside momentum and it would also become a fresh selling opportunity. The downside price objective would be 1.5700, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.6213.
