GBPUSD: Elliott wave analysis and forecast for 27.09.24 – 04.10.24

Highlights and key points Main scenario: consider long positions on corrections above the level of 1.3250 with a growth target of 1.3600 – 1.3800. A buy signal: if the price holds above 1.3250. Stop Loss: below 1.3200, Take Profit: 1.3600 – 1.3800. Alternative scenario: breakout and consolidation below the level of 1.3250 will allow the pair to continue declining to the levels of 1.2990 – 1.2804. A sell signal: once the level of 1.3250 is broken to the downside. Stop Loss: abov