June British pound (B6M26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for the June British pound futures that a price downtrend line is in place. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down. The bears have the near-term technical advantage.
