GBP Futures 6B (Dec)
Daily TPO
The bearish momentum looks set to continue on GBP this morning, with pullbacks likely to be sold into. We have red folder news on USD crosses therefore for those who trade cable, we may have to wait until the NY session to get the volatility we prefer.
Previous day VAL / POC sitting around 20pips above current price will be the first POI for shorts if entry criteria is met.
AM TPO
The AM session profile from Tuesday shows VAL / POC around the same level as the daily adding resistance (depending on the time it hits). Either way we believe its too early for shorts and prefer an intraday long from the single print (purple) into our short zone.
GBPUSD Spot market
This is how the setup would look from the futures market levels. Limit orders not preferred, but rather some confirmation as per the footprint before entering.
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