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.
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