RSS GBP/USD: Elliott Wave Analysis and Forecast for 10.01.25 – 17.01.25

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 RSS GBP/USD: Elliott Wave Analysis and Forecast for 10.01.25 – 17.01.25

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Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.2230 with a target of 1.2810 – 1.3054. A buy signal: the price holds above 1.2230. Stop Loss: below 1.2200, Take Profit: 1.2810 – 1.3054. Alternative scenario: Breakout and consolidation below the level of 1.2230 will allow the pair to continue declining to the levels of 1.1900 – 1.1521. A sell signal: the level of 1.2230 is broken to the downside. Stop Loss: above 1.2260, Take Profit: 1.1900 – 1.1521. Main Scenario Consider long positions from corrections above the level of 1.2230 with a target of 1.2810... Read full author’s opinion and review in blog of #LiteFinance
 
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