GBP/USD approaches previous low

The British Pound depreciates further today, as the price slipped through a previous low at 1.5013. The pair moves towards the weekly S1 at 1.5003, which merges with a 1.50 benchmark—a very important support level in long-term timeframes. Since technical indicators are already around an oversold zone, as the pair lost 600 pips in one month, it would be more rational to expect a correction impulse in the near future.

Bulls keep their authority in the market and carry on controlling a 65% share of all opened positions. Placed orders segment is gently bearish, since 54% of orders are the sell ones.