RSS GBP/USD: Elliott Wave Analysis and Forecast for 17.01.25 – 24.01.25

[Crax Bot]

Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.2571 with a target of 1.1900 – 1.1521. A sell signal: the price holds below 1.2571. Stop Loss: above 1.2630, Take Profit: 1.1900 – 1.1521. Alternative scenario: Breakout and consolidation above the level of 1.2571 will allow the pair to continue rising to the levels of 1.3054 – 1.3440. A buy signal: the level of 1.2571 is broken to the upside. Stop Loss: below 1.2510, Take Profit: 1.3054 – 1.3440. Main Scenario Consider short positions from corrections below the level of 1.2571 with a target of 1.1900... Read full author’s opinion and review in blog of #LiteFinance

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