GBP/USD: Elliott Wave Analysis and Forecast for 24.07.26–31.07.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3556 with a target of 1.3050–1.2936. A sell signal: the price holds below 1.3556. Stop Loss: above 1.3600, Take Profit: 1.3050–1.2936. Alternative scenario: Breakout and consolidation above the level of 1.3556 will allow the pair to continue rising to the levels of 1.3870–1.4140. A buy signal: the level of 1.3556 is broken to the upside. Stop Loss: below 1.3515, Take Profit: 1.3870&nda