GBP/USD: Elliott wave analysis and forecast for 04.04.25 – 11.04.25

The article covers the following subjects:

Major Takeaways

  • Main scenario: Consider long positions from corrections above the level of 1.2880 with a target of 1.3500 – 1.4000. A buy signal: the price holds above 1.2880. Stop Loss: below 1.2800, Take Profit: 1.3500 – 1.4000.
  • Alternative scenario: Breakout and consolidation below the level of 1.2880 will allow the pair to continue declining to the levels of 1.2550 – 1.2100. A sell signal: the level of 1.2880 is broken to the downside. Stop Loss: above 1.2950, Take Profit: 1.2550 – 1.2100.

Main Scenario

Consider long positions from corrections above the level of 1.2880 with a target of 1.3500 – 1.4000.

Alternative Scenario

Breakout and consolidation below the level of 1.2880 will allow the pair to continue declining to the levels of 1.2550 – 1.2100.

Analysis

The ascending first wave of larger degree 1 of (A) is formed on the daily chart, and the bearish correction is presumably completed as the second wave 2 of (А). The third wave 3 of (А) has started developing on the H4 time frame, with the first counter-trend wave of smaller degree i of 3 forming as its part. The H1 chart presumably shows that wave (iii) of i is formed, a local correction is complete as wave (iv) of i, and wave (v) of i is unfolding. If the presumption is correct, the GBP/USD pair will continue to rise to the levels of 1.3500 – 1.4000. The level of 1.2880 is critical in this scenario, as its breakout will enable the pair to continue declining to the levels of 1.2550 – 1.2100.




This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.

Price chart of GBPUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.

According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.

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This post is originally published on LITEFINANCE.

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