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GBP/USD: Elliott Wave Analysis and Forecast for 28.02.25 – 07.03.25

Major Takeaways

Main scenario: consider long positions from corrections above the level of 1.2500 with a target of 1.2775 – 1.2930. A buy signal: the level of 1.2500 is broken to the upside. Stop Loss: below 1.2450, Take Profit: 1.2775 – 1.2930.
Alternative scenario: breakout and consolidation below the level of 1.2500 will allow the pair to continue declining to the levels of 1.2100 – 1.1900. A sell signal: the level of 1.2500 is broken to the downside. Stop Loss: above 1.2550, Take Profit: 1.2100 – 1.1900.

Main Scenario

Consider long positions from corrections above the level of 1.2500 with… Read full author’s opinion and review in blog of #LiteFinance

This post is originally published on LITEFINANCE.

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