DeGRAM

GBPUSD now looks like EURGBP in August

Short
FX:EURGBP   Euro / British Pound
Hello 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.

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