GBP/USD Elliott Wave Analysis – Major Breakout Ahead?

🚀 GBP/USD Elliott Wave Analysis – Major Breakout Ahead?

📊 Market Overview:GBP/USD is currently forming a clear Elliott Wave structure, suggesting a potential high-probability move in the coming sessions. The market is showing signs of a strong wave formation, aligning with key support and resistance levels.

🔎 Elliott Wave Breakdown:1️⃣ Wave (1): The initial bullish impulse started from [X level], confirming strong buyer interest.2️⃣ Wave (2): A corrective pullback reached [Y level], respecting Fibonacci retracement zones.3️⃣ Wave (3): The strongest move is unfolding, targeting [Z level] based on wave projections.4️⃣ Wave (4): A minor retracement is possible before the final push.5️⃣ Wave (5): The last leg may take price toward the key psychological level of [Target].

📈 Technical Confluences:✅ Strong demand zone around [Support Level].✅ Fibonacci retracement aligns with key pivot points.✅ Bullish divergence spotted on RSI.✅ Breakout confirmation needed above [Resistance Level].

💡 Trading Plan:

If price breaks above [Resistance], I expect bullish continuation.

If price rejects from [Resistance], a short-term pullback may occur before another attempt higher.

📢 Your Thoughts?What’s your outlook on GBP/USD? Do you agree with this wave count, or do you see an alternative scenario? Drop your analysis below! 👇👇

So which one should I choose, wave?