The GBP/USD pair is under correction, still likely to fall. Estimated pivot point is at a level of 1.3058.
Main scenario: short positions will be relevant from corrections below the level of 1.3058 with a target of 1.2727 – 1.2555.
Alternative scenario: breakout and consolidation above the level of 1.3058 will allow the pair to continue the rise up to the levels of 1.3211 – 1.3514.
For more information follow the link to the website of the LiteForex
https://www.liteforex.com/blog/analysts-opinions/gbpusd-elliott-wave-analysis-and-forecast-for-06032020---13032020/?uid=285861726&cid=58534