GBPUSD: Elliott wave analysis and forecast for 07.06.24 – 14.06.24

Main scenario: consider long positions from corrections above the level of 1.2668 with a target of 1.2910 – 1.3100.Alternative scenario: breakout and consolidation below the level of 1.2668 will allow the pair to continue declining to the levels of 1.2447 – 1.2294.Analysis: the first wave of larger degree (1) is presumably formed, a correction developed as second wave (2), and the ascending third wave (3) is unfolding on the daily chart. On the H4 chart, wave 1 of (3) is formed, a de