GBP/USD: Elliott Wave Analysis and Forecast for 13.02.26–20.02.26

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3500 with a target of 1.4050–1.4300. A buy signal: the price holds above 1.3500. Stop Loss: below 1.3500, Take Profit: 1.4050–1.4300. Alternative scenario: Breakout and consolidation below the level of 1.3500 will allow the pair to continue declining to the levels of 1.3280–1.3000. A sell signal: the level of 1.3500 is broken to the downside. Stop Loss: above 1.3500, Take Profit: 1.3280