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December British pound futures hit a 13-week high amid dollar pressure
The article points to a breakout above this week’s 1.3568 high as a trigger, with 1.3900 cited as an upside objective and support at 1.3425.
Yahoo Finance highlights that December British pound futures are in an uptrend and have reached a 13-week high, suggesting sterling has the near-term technical advantage.
The piece says the moving average convergence divergence indicator is in a bullish posture, noting the MACD line is above the trigger line and both are rising.
It also ties the backdrop to fundamentals, saying the Bank of England has kept monetary policy tight while recent U.S. economic data has weighed on the U.S. dollar.
The article lays out a hypothetical trade framework around a move above chart resistance at this week’s 1.3568 high, with an upside objective of 1.3900 and a protective sell-stop support level at 1.3425.