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LONDON HYPO 9TH FEB

GBPUSD DAILY VOLUME PROFILE

As we can see, the price is trading in the green zone for the time being and currently rejecting, a break through here to take us up to the naked POC (yellow) if we cant hold here.



GBPUSD AM SESSION CHART

Approaching 2 naked POCs in the AM chart, we are at an interesting level for a potential sell off, if this level breaks, there is room to the upside to buy any intraday dips untill we reach more substantial levels.


GBPUSD Candlestick chart


EURUSD

DAILY PROFILE

Green zone is the daily resistance which is key if this market is going to turn lower - if we break through this level we will push onto the naked POC (yellow) above. Currently showing some sell side delta around this area.

AM SESSION PROFILE

Daily green zone marked on daily aligns with AM session resistance, with room above if this level were to break.


EURUSD candlestick chart

As we can see, the green zone resistance which marks multiple confluence levels on the profiles would need to hold otherwise there is room to the upside for this to follow through in the short term. Still in favour of running the low from the 7th of Feb at some stage therefore rallies should be sold.



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