GBP/USD M30 CHART OVERVIEW I 01-15British Pound vs US DollarFPMARKETS:GBPUSDLake_Tradedragon1. Volume Profile Analysis The Volume Profile in the center of the chart highlights key liquidity areas: POC (Point of Control): Located around 1.3470, this represents the price level with the highest traded volume. Since the current price is trading below this level, the Bears (Sellers) are currently in control of the medium-term momentum. VAL (Value Area Low) & VAH (Value Area High): The price is currently reacting around the lower VAH Zone (approx. 1.3430). This serves as a critical psychological support/resistance flip zone for the current session. 2. Supply & Demand Zones Supply Zone: Situated at the top (around 1.3485 - 1.3495). This is where heavy selling pressure previously entered the market, causing a sharp decline. Demand Zones: * Immediate Demand: Around 1.3420. We can see price "wicking" (leaving long tails) and bouncing slightly from this area. Major Demand Zone: Located further down at 1.3390 - 1.3400. This is the strongest structural floor on the current chart. 3. Current Price Action & Trend Short-term Trend: Following a sharp drop from the POC, the price has entered a consolidation or minor recovery phase between 1.3420 and 1.3437. Candlestick Signals: The most recent candles show smaller bodies and green recovery attempts right at the light purple Demand Zone. This suggests that the immediate selling pressure is neutralizing. 4. Projected Scenarios Based on the indicators shown, there are two primary scenarios: Scenario 1 (Recovery): If the price holds the 1.3420 Demand Zone, it is likely to test the VAH Zone (1.3430) and potentially aim for a return to the POC (1.3470). A strong break above 1.3430 would confirm this bullish momentum. Scenario 2 (Continuation): If the price breaks below the current Demand Zone (closing below 1.3415), it will likely seek liquidity at the Major DEMAND ZONE at 1.3390. Trading Notes: For Longs (Buying): Consider entries near the current Demand Zone with a Stop Loss (SL) just below 1.3410. For Shorts (Selling): It is safer to wait for a retracement (pullback) to the POC (1.3470) or VAH levels rather than "selling the bottom" at the current Demand Zone.