GBP/USD: Elliott Wave Analysis and Forecast for 09.10.26–16.10.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3400 with a target of 1.2938–1.2745. A sell signal: the price holds below 1.3400. Stop Loss: above 1.3445, Take Profit: 1.2938–1.2745. Alternative scenario: Breakout and consolidation above the level of 1.3400 will allow the pair to continue rising to the levels of 1.3560–1.3675. A buy signal: the level of 1.3400 is broken to the upside. Stop Loss: below 1.3355, Take Profit: 1.3560&nda