When there is no central bank involvement, prices move aggressively and rapidly, likely based on speculative evaluation. They are driving the market down through IPDA, targeting a daily premium-to-discount range. However, we are still in the premium range (GBP/USD from Dec 13, 2023, to Jan 2, 2024).

Intra-week reversals will aim to return to or exceed the previous fair value price range.
A big move is expected between Monday and Tuesday(in this case friday), even with no significant news, likely due to the accumulation of many pips. A reversal is anticipated.
Intra-week reversals tend to occur within overlapping patterns or models."
Nota
now we now this model works
Chart PatternsFundamental AnalysisTrend Analysis

Penafian