GBPUSD: Elliott wave analysis and forecast for 23.06.23 – 30.06.23

Main scenario: consider short positions on corrections below the level of 1.2847 with a target of 1.2642 – 1.2580.

Alternative scenario: breakout and consolidation above the level of 1.2847 will allow the pair to continue rising to the levels of 1.3060 – 1.3300. 

Analysis: the first wave of a larger degree (1) must have completed in a daily timeframe; corrective wave (2) finished, and the third wave (3) should be unfolding. The third wave of a smaller degree 3 of (3) is developing in the H4 timeframe, with wave i of 3 completed inside. In the hourly timeframe, there must… Read full author’s opinion and review in blog of #LiteFinance

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