GBPUSD 4H: 21/02/2023:The price can reach higher levels
As you can see, there is an important supply zone in front of the price, but on the other side, there is a big liquidity pool above 1.2269 which can be interesting to collect.
The first scenario (which I follow) is the price rise from here or from the optimal buy zone which is 1.2013- 1.2044. In that case, the targets can be:
1.2188
1.2270
1.2320
The second scenario is if the price is rejected from the supply zone, we can define targets as follow:
1.1985
1.1915
1.1840
💡Wait for the update!
🗓️21/02/2023
🔎 DYOR
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