GBP/USD: Elliott Wave Analysis and Forecast for 25.09.26–02.10.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3404 with a target of 1.2938–1.2745. A sell signal: the price holds below 1.3404. Stop Loss: above 1.3450, Take Profit: 1.2938–1.2745. Alternative scenario: breakout and consolidation above the level of 1.3404 will allow the pair to continue rising to the levels of 1.3675–1.3870. A buy signal: the level of 1.3404 is broken to the upside. Stop Loss: below 1.3360, Take Profit: 1.3675&nda