GBP/USD: Elliott wave analysis and forecast for 15.08.25 – 22.08.25
The article covers the following subjects:
Major Takeaways
- Main scenario: Consider long positions from corrections above the level of 1.3132 with a growth target of 1.3850 – 1.4000. A buy signal: the price holds above 1.3132. Stop Loss: below 1.3090, Take Profit: 1.3850 – 1.4000.
- Alternative scenario: Breakout and consolidation below the level of 1.3132 will allow the pair to continue declining to the levels of 1.2936 – 1.2735. A sell signal: the level of 1.3132 is broken to the downside. Stop Loss: above 1.3175, Take Profit: 1.2936 – 1.2735.
Main Scenario
Consider long positions from corrections above the level of 1.3132 with a target of 1.3850 – 1.4000.
Alternative Scenario
Breakout and consolidation below the level of 1.3132 will allow the pair to continue declining to the levels of 1.2936 – 1.2735.
Analysis
On the weekly time frame, an ascending wave of larger degree (A) of B is developing. Within it, wave 1 of (A) has formed, and a downward correction has completed as wave 2 of (A). On the daily time frame, the third wave 3 of (А) has presumably started unfolding, with the first wave of smaller degree i of 3 continuing to form as its part. The H4 time frame shows that wave (iii) of i has presumably formed, a downward correction has completed as wave (iv) of i, and wave (v) of i is currently developing. If the presumption is correct, the GBP/USD pair will continue to rise to the levels of 1.3850 – 1.4000. The level of 1.3132 is critical in this scenario as its breakout will allow the pair to continue declining to the levels of 1.2936 – 1.2735.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of GBPUSD in real time mode
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