Daily TPO
After a strong bullish move on GBP yesterday there appears to be move room to move to the upside, therefore it becomes a question of which level is best to buy from. If we take into consideration the Asian range, there are some clear levels just below which we will look to buy from if the market can push that low this morning.
AM session TPO
With USD news this afternoon, we may have a low volatility morning, in which case we will turn to the PM session profile to find our entries. However for the time being, the AM profile has some interesting levels where the market would need to hold in order to rebound into a new leg higher.
GBPUSD 15minute spot market
The AM session levels have been marked on however by observing the daily TPO also you will see there is a large cluster of levels around the same zone just below the Asia low. (including 2day and monthly VWAP's), this would be an ideal entry zone if we get an entry confirmation.
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