GBPUSD 15M – Premium NEP Reaction and Range RotationBritish Pound / U.S. DollarFOREXCOM:GBPUSDPIPSBULL-FX📌 This idea focuses on GBPUSD on the 15-minute timeframe, highlighting price reaction at a premium NEP and the potential rotation toward lower liquidity. After a bullish expansion, price pushed into a premium area and reacted at a marked NEP zone near a strong SNR / key level. The rejection indicates lack of acceptance above resistance, shifting focus toward range rotation. 🔎 Technical Observations - 🧱 Price reacting at premium strong SNR / key resistance - ⛔ NEP clearly defined in the premium zone - 📉 Rejection and lower high formation on LTF - 🔄 Market transitioning from expansion to rotation - 🧲 Lower liquidity resting near range lows as draw 📊 Market Context - Bullish leg stalled at resistance - Failure to hold above NEP increases downside probability - Price currently trading inside a defined range - Liquidity below the range remains unfilled 🧠 Execution Notes - Avoid chasing longs inside premium NEP - Monitor reaction around mid-range SNR - Look for confirmation before continuation or rotation - Bias remains reactive, not predictive 📚 Educational Purpose Only This analysis is shared to study NEP behavior, premium vs discount pricing, and liquidity rotation. It does not constitute trading advice. — PIPSBULL FX