GBP Futures (6b, Sep)
Weekly TPO - we have ran into an interesting level on the weekly, being that a single print high from last week and high vol node from 2 weeks prior. We may expect a reaction back to the downside here as we do believe GBP bears are not finished just yet.
Daily TPO - We can see the same single print on the daily, having just spiked through it on the Frankfurt open this morning. Ideally we will hold here as we see bears stepping in on the footprint.
Heat Map - interesting point to note is the market has managed to grind higher during Asia, whilst negative delta remained firmly with the bears. This points towards absorption of the buyers from passive sellers.
Am Session - This align with a naked POC on the AM profile which has been been ran through, we are finding sellers in this area. Will this be enough for a hard move down or perhaps just to fill the Asian range.
15 min candlestick GBPUSD - Potentially setting up for a 200pip move to the downside, we need to hold these levels now
EURP Futures
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