GBP/USD edges lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"Fitch said yesterday that missing the targets weakens the credibility of the U.K.'s fiscal framework, which is one of the factors supporting" the country's AAA rating"
- Bloomberg

Pair's Outlook
After few attempts to breach the weekly R2 level at 1.6115, GBP/USD pair slipped lower and currently moves towards a target support at 1.6015/1.6003. This level is important, as it the point of intersection of weekly and monthly PPs with the 55-day and 100-day SMAs.

Traders' Sentiment
GBP/USD pair experiences a significant disproportion between bulls and bears, since the buy side has 25% of positions and the sell side has 75%. Pending orders market brings more bearish sentiments, as buy orders consist 44% of the market and sell orders 56%.

© Dukascopy Bank SA
© Dukascopy Bank SA
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