Waiting for GBP/USD retracement

٢٢ فبراير ٢٠١٦

As the GBP/USD approached the previous low set at 1.406 mark we are awaiting a retracement confirmation. The RSI is approaching the oversold zone aswell. We expect the price to target the 23.6% fib line. see plusfxtrading.com for more in depth analysis.