As for the GBP / USD
We can see the formation of a figure head and shoulders. This means that the formation of the second shoulder - is a price drop to the level of 1.43237 neck.
Given that now the price is at the stage of formation of a wave 5, in this case, can be expected to rise to the resistance level of 1.44810, and then - a drop in the correction. In this case, if the wave 5 has been completed, and under the influence of resistance 1.43983 stop growth, it is possible to trade in the sale, in the correction. In order to accurately enter the market, I advise you to wait for the first movement, and on this basis, to open positions.
As for the correlation with the EUR / USD, it predicts the fall because EUR / USD is likely preparing to go down.
We can see the formation of a figure head and shoulders. This means that the formation of the second shoulder - is a price drop to the level of 1.43237 neck.
Given that now the price is at the stage of formation of a wave 5, in this case, can be expected to rise to the resistance level of 1.44810, and then - a drop in the correction. In this case, if the wave 5 has been completed, and under the influence of resistance 1.43983 stop growth, it is possible to trade in the sale, in the correction. In order to accurately enter the market, I advise you to wait for the first movement, and on this basis, to open positions.
As for the correlation with the EUR / USD, it predicts the fall because EUR / USD is likely preparing to go down.