GBPUSD BUY SIGNAL

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The GBPUSD pair has been on the down side for a while now due to interest rate cut and the BREXIT agenda. But there is likely to be a rebound to the up aside as the downward move is exhausted followed by a period of consolidation. On the daily RSI the pair is clearly on an oversold condition and has made a new low for the year. Being in a demand zone, we shall be expecting a move to the upside for a 220 plus pips opportunity.