As Pressure on the Dollar Ramps Up, Make This 1 Trade Now

As Pressure on the Dollar Ramps Up, Make This 1 Trade Now Jim Wyckoff Wed, August 19, 2026 at 10:03 AM EDT 2 min read GBP=X DX-Y.NYB Up close shot of British bank notes_ Image by hemro via Shutterstock_ December British pound (B6Z26) futures present a buying opportunity on more price strength. See on the daily bar chart for the December British pound futures that prices are in an uptrend and have just hit a 13-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. Sterling bulls have the overall near-term technical advantage. More News from Barchart Barron Trump, 20, Now Worth $150 Million — More Than Mom, Melania — From Crypto And $39 Energy Drink Billionaire Michael Saylor Warns Against Buying a House Because 'Every 36 Years You Actually Pay the Cost of the House in Tax to the Government' QQQ Just 'Gamma Flipped' as Market Makers Were Forced to Sell. Here's What Our Top Chart Expert is Tracking Next. Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Fundamentally, the U.K.'s economy is on mostly solid footing and the Bank of England has kept its monetary tight. Meantime, recent downbeat U.S. economic data has pressured the U.S. dollar ($DXY). A move in the December British pound futures above chart resistance at…