{"id":16671,"date":"2025-11-13T21:40:44","date_gmt":"2025-11-13T21:40:44","guid":{"rendered":"https:\/\/alchemymarkets.com\/?post_type=market_insights&#038;p=16671"},"modified":"2025-11-13T21:40:46","modified_gmt":"2025-11-13T21:40:46","slug":"gbpusd-sterling-ready-to-shine","status":"publish","type":"market_insights","link":"https:\/\/alchemymarkets.com\/de\/education\/market-insights\/elliott-wave\/gbpusd-sterling-ready-to-shine\/","title":{"rendered":"GBP\/USD Elliott Wave: Sterling Ready to Shine"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Executive Summary<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>GBPUSD carved a <a href=\"https:\/\/alchemymarkets.com\/education\/candlesticks\/bullish-harami\/\">bullish harami<\/a> type pattern last week indicating a bullish reversal.<\/li>\n\n\n\n<li>A completed double zigzag pattern can be counted at the 1.3010 low.<\/li>\n\n\n\n<li>This might be a major low that leads to a 1700 &#8211; 2700 pip rally.<\/li>\n<\/ul>\n\n\n\n<p>Back on <a href=\"https:\/\/alchemymarkets.com\/education\/market-insights\/elliott-wave\/gbpusd-another-leg-down\/\">October 23<\/a>, while trading at 1.3343, we forecasted a decline in GBP\/USD to reach 1.3050-1.3139. On November 5, Cable reached a low price of 1.3010. It is possible to consider the correction that began on July 2 complete at last week\u2019s low.<\/p>\n\n\n\n<p>If a major low is in place, then Cable may stage a large rally.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">GBPUSD Elliott Wave Count<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"570\" src=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/GBPUSD_2025-11-13_15-35-51-1024x570.png\" alt=\"\" class=\"wp-image-16672\" srcset=\"https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/GBPUSD_2025-11-13_15-35-51-1024x570.png 1024w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/GBPUSD_2025-11-13_15-35-51-300x167.png 300w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/GBPUSD_2025-11-13_15-35-51-768x427.png 768w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/GBPUSD_2025-11-13_15-35-51-1536x854.png 1536w, https:\/\/alchemymarkets.com\/wp-content\/uploads\/2025\/11\/GBPUSD_2025-11-13_15-35-51.png 1634w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>GBPUSD carved a wave ((x)) high on September 17 at 1.3726. The decline since September 17 fits best as wave ((y)) labeled (a)-(b)-(c).<\/p>\n\n\n\n<p>We know from our <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/elliott-wave-theory\/\">Elliott wave studies<\/a> that wave relationships tend to develop between parallel and adjacent waves.<\/p>\n\n\n\n<p>Using the <a href=\"https:\/\/alchemymarkets.com\/education\/indicators\/fibonacci-extensions\/\">Fibonacci extension tool<\/a>, wave ((y)) is equal to wave ((w)) at 1.3079.<\/p>\n\n\n\n<p>Additionally, wave (c) of ((y)) is equal to wave (a) of ((y)) at 1.2993.<\/p>\n\n\n\n<p><br>GBP\/USD found a floor in between those levels at 1.3010.<\/p>\n\n\n\n<p>The rally higher from 1.3010, though early, does appear to take on a motive structure. If 1.3010 is an important low, then the next rally would be wave 3, likely to match or have Fibonacci proportions to wave 1 that lasted 1689 pips.&nbsp;<\/p>\n\n\n\n<p>This could drive GBPUSD higher to 1.47 and possibly 1.57.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bottom Line<\/h2>\n\n\n\n<p>GBPUSD may have finished its corrective wave \u20182\u2019 decline at the 1.3010 low. If this is a major low, then a strong and long rally to 1.47 and possibly 1.57 may be underway.<\/p>\n\n\n\n<p>If the 1.3010 <a href=\"https:\/\/alchemymarkets.com\/education\/guides\/support-and-resistance\/\">support<\/a> low is broken, then wave \u20182\u2019 is extending lower.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD Elliott wave forecast implies a major low may have developed leading to a large rally. Details and key levels inside.<\/p>\n","protected":false},"author":160,"featured_media":16675,"parent":0,"comment_status":"open","ping_status":"closed","template":"","market_insights_categories":[16],"class_list":["post-16671","market_insights","type-market_insights","status-publish","has-post-thumbnail","hentry","market_insights_categories-elliott-wave"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD Elliott Wave: Sterling Ready to Shine - Alchemy Markets<\/title>\n<meta name=\"description\" content=\"The GBP\/USD Elliott wave forecast implies a major low may have developed leading to a large rally. 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