Forextimes
GBPUSD now looks like EURGBP in AugustHello Traders!
GBPUSD now behaves the same as EURGBP in August.
What are they so similar?
1) Both pairs made 2 growing waves
2) The first wave is a strong impulse up, and the second slowly reaches the target.
3) Both pairs have reached a strong resistance level.
4) Both pairs have broken an important support line.
And the important point is that it was from this strong level that EURGBP began its strong fall.