September British pound futures (B6U25) present a buying opportunity on more price strength. 

See on the daily bar chart for the September British pound futures that prices are trending higher and this week hit a contract high. See, too, that the moving average convergence divergence (MACD) indicator is in a bullish posture as the red MACD line is above the blue trigger line and both are trending up. Bulls have the solid near-term technical advantage, to suggest more price upside in the near term. Remember that price trends in the currency markets tend to be stronger and longer lasting than price trends in other markets.

Fundamentally, the U.S. dollar continues to suffer on the foreign exchange market, with the U.S. Dollar Index ($DXY) last week hitting a three-year low. Heightened global trade tensions are hurting the U.S. Dollar Index more than most other major currencies, and such is likely to remain the case in the coming weeks.

A move in the September British pound above chart resistance at this week’s high of 1.3449 would become a buying opportunity. The upside price objective would be 1.4000, or above. Technical support, for which to place a protective sell stop just below, is located at 1.3175. 

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): 

Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.