GBP/USD: Elliott Wave Analysis and Forecast for 06.06.25 – 13.06.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3488 with a target of 1.3750 – 1.4000. A buy signal: the correction ends and the price resumes rising from 1.3488. Stop Loss: below 1.3410, Take Profit: 1.3750 – 1.4000. Alternative scenario: Breakout and consolidation below the level of 1.3488 will allow the pair to continue declining to the levels of 1.3138 – 1.2926. A sell signal: the level of 1.3488 is broken to the downside. Stop L