DeGRAM | GBPUSD rebound from the support level📊 Technical Analysis
● GBPUSD rebounded from 1.3142 support with a strong bullish impulse and is consolidating above the reclaimed demand zone near 1.3277.
● Structure shows a potential bullish reversal from the lower bound of the descending channel, aiming for resistance near 1.3400.
💡 Fundamental Analysis
● Dovish Fed repricing after weaker US job additions and soft wage growth pulled yields lower, reducing USD strength.
● BoE's 25 bps hike and upward revisions in UK inflation forecasts reinforced GBP support across rate-sensitive pairs.
✨ Summary
Long above 1.3277. Target 1.3400 → 1.3585. Setup valid while price holds above 1.3142.
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