GBP/USD: Elliott Wave Analysis and Forecast for 23.05.25 – 30.05.25

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3245 with a target of 1.3750 – 1.4000. A buy signal: the price holds above 1.3245. Stop Loss: below 1.3190, Take Profit: 1.3750 – 1.4000. Alternative scenario: Breakout and consolidation below the level of 1.3245 will allow the pair to continue declining to the levels of 1.2926 – 1.2760. A sell signal: the level of 1.3245 is broken to the downside. Stop Loss: above 1.3300, Take Profit: