GBP/USD: Elliott wave analysis and forecast for 04.04.25 – 11.04.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.2880 with a target of 1.3500 – 1.4000. A buy signal: the price holds above 1.2880. Stop Loss: below 1.2800, Take Profit: 1.3500 – 1.4000. Alternative scenario: Breakout and consolidation below the level of 1.2880 will allow the pair to continue declining to the levels of 1.2550 – 1.2100. A sell signal: the level of 1.2880 is broken to the downside. Stop Loss: above 1.2950, Take Profit: