GBPUSD: Elliott wave analysis and forecast for 15.04.2022 – 22.04.2022

Main scenario: consider short positions from corrections below the level of 1.3180 with a target of 1.2831 – 1.2670.

Alternative scenario: breakout and consolidation above the level of 1.3180 will allow the pair to continue rising to the levels of 1.3745 – 1.4255.

Analysis: the first wave of larger degree (1) is formed on the daily chart, and a descending correction continues developing as wave (2). On the H4 chart, wave B of (2) finished forming, and wave С of (2) is developing. Apparently, wave v of C is developing on the H1 chart, with a local correction formed as… Read full author’s opinion and review in blog of #LiteFinance