GBPUSD weekly RSI hits oversold - 1st signs of a bottom

British Pound / U.S. DollarFOREX.com

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⋅ Aug 17, 2018 8:38 AM

GBPUSD is in a solid downtrend and short term trades should still focus to the downside
However, support from 1.265 and a weekly oversold condition could mean the market is ready to bottom out