GBPUSD GBP/USD holds its winning streak for the fourth successive session, trading above 1.3700 in the European session on Thursday. The pair hangs close to three-year highs amid sustained US Dollar weakness, in light of US President Trump's fresh attack on the Fed's credibility. US data and Boe-speak awaited.
GBPUSD I came to check if The Man Who Should Not Be Named caught the news. And low and behold, he not only caught the massive news spike, but also the spike the other way! Don't be fooled or conned by these people :)
GBPUSD So we see 3 Signals and their progress based on this system. Currently the trend is Bearish and retracing, these are the areas where price dynamics shift.
1️⃣ Triple Signals
1. Two Sell (Short) Signals marked by the green “TT” icons near the top of the rally.
- They nailed the timing pretty well, price reversed soon after. - The first drop was about -71 pips (-0.52%), which is a solid move in a 15m timeframe.
2. One Buy (Long) Signal marked at the bottom wick near the retest zone.
- It coincided with an aggressive retracement, snapping back almost +65 pips (+0.48%) before stalling.
2️⃣ Trend & Momentum
Macro trend on this 15-minute slice is Bearish. You can see lower highs forming before the plunge.
After the drop, there was a corrective rally (retracement) but not a full reversal, just a classic bear flag / liquidity grab.
The retracement is precisely where price often tempts people to call the bottom prematurely. This is the “price dynamics shift” I want to point out, where sellers decide if they want to reload.
3️⃣ Current Area of Interest
Price is pinging between 1.3660–1.3610, right inside the previous consolidation and failed breakout area.
It’s indecisive, Buyers stepped in fast (liquidity vacuum below).But no follow-through yet, just a hesitant consolidation under that resistance ceiling.
Remember, quick rebounds don’t always mean trend change. Sometimes it’s just the market punishing late shorts before resuming down.
GBPUSD GBP/USD holds its winning streak for the fourth successive session, trading above 1.3700 in the European session on Thursday. The pair hangs close to three-year highs amid sustained US Dollar weakness, in light of US President Trump's fresh attack on the Fed's credibility. US data and Boe-speak awaited.
