GBPUSD. Attempt to reverse to 1.35GBP/USDOANDA:GBPUSDCoinRangerFundamentals: 1️⃣ Oil ~$100 → 🔴 Negative for the pound 2️⃣ Bank of England rate - 3.75% → ⚪ Neutral. New rate is on Thursday, March 18. Expected to remain unchanged. + Bailey's speech. 3️⃣ Fed rate - 3.50–3.75% → 🔴 Negative for the pound. Rate announce - March 18, no cut expected. PPI - March 18. 4️⃣ Rate differential → ⚪ Neutral (with downside risk) 5️⃣ UK economy → 🔴 Negative for the pound. Weak GDP. Rising unemployment. Increasing insurance premiums. Wages at their highest. 6️⃣ Trader positioning (COT) → 🔴 Negative for the pound. ⚠️ Risk of a short squeeze Too many short contracts - everyone is obviously selling. 7️⃣ A quick resolution to the Middle East conflict → 🟢 The only argument for growth. So far, there's no sign of a resolution. Conclusion👈🏻 Priority scenario: GBP/USD decline, with potential for a short squeeze. Technical analysis: 1️⃣СCI - above +100. A sharp rise is likely. 2️⃣RSI - around 60. It will likely enter the oversold zone of +70 today or tomorrow on h1. 3️⃣VPVR zones - increased volume at 1.33079 (entry level), 1.33638 - close to the Fibonacci level, 1.34518 - close to the Fibonacci level, 1.35170 - close to the take-profit. 4️⃣Fibonacci grid will act as potential end-of-trade levels. Pay particular attention to 61.8% (1.33842). 5️⃣Moving Average Crossovers/Breakthroughs - breakout at 1.33079 (also increased volume), potential entry point and a pullback level. Pay close attention to this. 6️⃣Elder TF (h4) - the 200 EMA on h4 may be reached at 1.34518 (the second important level to monitor after the 61.8% Fibonacci level). Entry, Stop, Take Profit: 🔸Entry: Buy. Breakout of 1.33079 from below or buy from a pullback to it. 🔸Stop: Preliminary 1.32720. Move to breakeven on increased volume at 1.33678 🔸Take Profit: Preliminary 1.34985 (increased volume + first upward extension of the waves set) 🔸Risk/Reward: 5.51 at the TP level (but may be less on potential truncations) 🔸Execution: Most likely by Friday. Cancellation 🔸Sharp drop on Fed rate announce below 1.32720