RSS GBP/USD: Elliott Wave Analysis and Forecast for 13.12.24 – 20.12.24

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 RSS GBP/USD: Elliott Wave Analysis and Forecast for 13.12.24 – 20.12.24

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Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.2800 with a target of 1.2240 – 1.1900. A sell signal: the price holds below 1.2800. Stop Loss: above 1.2830, Take Profit: 1.2240 – 1.1900. Alternative scenario: Breakout and consolidation above the level of 1.2800 will allow the pair to continue rising to the levels of 1.3054 – 1.3440. A buy signal: the level of 1.2800 is broken to the upside. Stop Loss: below 1.2770, Take Profit: 1.3054 – 1.3440. Main Scenario Consider short positions from corrections below the level of 1.2800 with a target of 1.2240... Read full author’s opinion and review in blog of #LiteFinance
 
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