GBP/USD: Elliott Wave Analysis and Forecast for 30.10.26–06.11.26

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3471 with a target of 1.2938–1.2745. A sell signal: the price holds below 1.3471. Stop Loss: above 1.3516, Take Profit: 1.2938–1.2745. Alternative scenario: Breakout and consolidation above the level of 1.3471 will allow the pair to continue rising to the levels of 1.3675–1.3866. A buy signal: the level of 1.3471 is broken to the upside. Stop Loss: below 1.3426, Take Profit: 1.3675–1.3866.Main S