December British pound futures (B6Z25) are showing a selling opportunity due to a downward trend after hitting a two-month low. The U.S. economy’s healthy growth is strengthening the dollar, making it less likely for the Federal Reserve to lower interest rates. A move below support at 1.3387 would give bears more power and present a selling opportunity, with a downside objective of 1.2900. Technical resistance is at 1.3600. Futures trading involves risk and volatility, so it’s important to assess your financial situation before investing. Jim Wyckoff does not hold positions in securities mentioned in this article.

Read more at Yahoo Finance: A Healthy U.S. Economy Is Bad News for the British Pound. How to Trade It Here.