GBP/USD: Elliott Wave Analysis and Forecast for 10.07.26–17.07.26

Major Takeaways Main scenario: Once the correction has been completed, consider short positions below the level of 1.3510 with a target of 1.3050–1.2936. A sell signal: the correction ends and the price holds below 1.3510. Stop Loss: above 1.3550, Take Profit: 1.3050–1.2936. Alternative scenario: Breakout and consolidation above the level of 1.3510 will allow the pair to continue rising to the levels of 1.3660–1.3870. A buy signal: the level of 1.3510 is broken to the upside. S