GBPUSD: Elliott wave analysis and forecast for 08.04.2022 – 15.04.2022

Main scenario: consider short positions from corrections below the level of 1.3302 with a target of 1.2831 – 1.2670.

Alternative scenario: breakout and consolidation above the level of 1.3302 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. On the H1 chart, the third wave of smaller degree iii of C appears to have formed,… Read full author’s opinion and review in blog of #LiteFinance