GBP/USD: Elliott Wave Analysis and Forecast for 21.03.25 – 28.03.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.2560 with a target of 1.3500 – 1.4000. A buy signal: the price holds above 1.2560. Stop Loss: below 1.2520, Take Profit: 1.3500 – 1.4000. Alternative scenario: Breakout and consolidation below the level of 1.2560 will allow the pair to continue declining to the levels of 1.2100 – 1.1900. A sell signal: the level of 1.2560 is broken to the downside. Stop Loss: above 1.2600, Take Profit: