16-05-2025 12:35 via litefinance.org

GBP/USD: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3130 with a target of 1.3750 – 1.4000. A buy signal: the price holds below 1.3130. Stop Loss: below 1.3080, Take Profit: 1.3750 – 1.4000. Alternative scenario: Breakout and consolidation below the level of 1.3130 will allow the pair to continue declining to the levels of 1.2760 – 1.2600. A sell signal: the level of 1.3130 is broken to the downside. Stop Loss: above 1.3180, Take Profit:

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GBP/USD: Elliott Wave Analysis and Forecast for 16.05.25 – 23.05.25

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