GBP/USD: Elliott Wave Analysis and Forecast for 06.11.26–13.11.26

Major Takeaways Main scenario: Consider long positions from corrections above 1.3125 with a target of 1.3866–1.4300. A buy signal: the price holds above 1.3125. Stop Loss: below 1.3080, Take Profit: 1.3866–1.4300. Alternative scenario: Breakout and consolidation below 1.3125 will allow the pair to continue declining to the levels of 1.2700–1.2111. A sell signal: the level of 1.3125 is broken to the downside. Stop Loss: above 1.3170, Take Profit: 1.2700–1.2111.Main ScenarioConsider long p