medium · Volume Profile Analysis reference-levels-migration

A Weekly Composite Profile for GBP/JPY shows a 'Naked POC' at 192.45 from four sessions ago. The current price is 193.10 and has just printed a 'Selling Tail' at 193.40.

What is the most likely structural target for a short trade?

  1. The Naked POC at 192.45.
  2. The current session's VAL at 193.00.
  3. The prior day's range high at 193.25.
  4. The Monthly HVN at 194.00.

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