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Barchart
Barchart
Jim Wyckoff

Hedge Funds Are Shorting the U.S. Dollar So Make This 1 Trade Now

Hedge Funds British Pound

June British pound futures (B6M26) present a buying opportunity on more price strength.

See on the daily bar chart for the June British pound futures that prices are now trending up and have just hit a two-month high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the blue MACD line is above the red trigger line and both lines are trending up. Bulls have the near-term technical advantage.

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