On GBPUSD, we have a market that is currently at the 1.2430 area, where we have an excellent point of interest (POI) with a supply zone. The price could potentially drop with a great trade risk-reward ratio of 2.5 in the 1.2340 area, and then bounce back up to the 1.2470 zone where we have a strong supply zone.
Let me know what you think.
Happy trading to everyone.