EURUSD / GBPUSD Pre London outlook
EURO Futures (6E, June)
Opening below the previous profile, AMT would point towards further downside therefore any bounce during the London session could be viewed as a selling opportunity. The first point of interest would be the naked POC, with the Value area high (VAH) just above it. This would be a good area to watch order flow for a potential bearish move.
The daily TPO points towards a similar pattern with key levels slightly higher than those on the morning profile.
EURO AM TPO
EURO Daily TPO
Eurusd 15min candlestick chart
GBP Futures (6B, June)
Similarly on GBP, we favour a bearish drop in the short term before the medium term trend prevails. As per AMT, we could look out for a deep retracement into value and use the footprint for confirmation of sellers entering the market.
GBP AM TPO
GBP Daily TPO
Gbpusd 15min candlestick chart
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