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Barchart
Barchart
Jim Wyckoff

The Dollar Is Sinking After the Fed Cut Rates, So Buy the British Pound Instead

March British pound (B6H26) futures present a buying opportunity on more price strength.

See on the daily bar chart for the March British pound futures that prices are trending higher and have just hit a six-week 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.

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