Waiting for GBP/USD retracement

FX:GBPUSD   British Pound / U.S. Dollar
72 0 1
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 for more in depth analysis.
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