GBP/USD

The 4 hour chart of the GBP/USD shows that price reached the upper band of this large green pitchfork, just below the 50% retracement level of the entire move down.

The daily GBP/USD chart shows that price is on it's way towards the highest down-sloping red trend line, where we should see a nice bounce - especially as this is not far above the 38.2% retracement level of the entire fall (not shown) which comes in at 1.53.

The 4 hour GBP/USD chart shows that price is indeed showing the weakness I expected a few days ago, and double topped a few pips below the 78.6% retracement level.

The 4 hour GBP/USD chart shows that the blue flag shown last time delivered nicely, and has brought price close to the upper yellow trend line and the 78.6% retracement of the last downswing.

The hourly GBP/USD chart shows that price is getting close to a high probability bounce point: the crossing of the lower band of the blue flag and the yellow uptrend line, and the 78% retracement level of the last upswing.

The daily GBP/USD chart shows that price just backtested the broken yellow trend line. Taking a tiny short over the weekend here (to which I will add on monday if we don't gap up).

The daily GBP/USD chart shows that price is making a nice large flag.

I took 10 days off, and this daily GBP/USD chart shows that I didn't miss much.

Daily chart shows that price is heading towards the median line of this red channel.