GBP/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3505 with a target of 1.3140–1.2936. A sell signal: the price holds below 1.3505. Stop Loss: above 1.3545, Take Profit: 1.3140–1.2936. Alternative scenario: Breakout and consolidation above the level of 1.3505 will allow the pair to continue rising to the levels of 1.3870–1.4300. A buy signal: the level of 1.3505 is broken to the upside. Stop Loss: below 1.3465, Take Profit: 1.3870&nda