GBP/USD - 1.337 Back Into View, Bulls Take ControlGBP/USDOANDA:GBPUSDAuricVerse_HQGBPUSD is still inside a broader bearish structure, but price is beginning to stabilize around the 1.3205ā1.3249 buy zone after a prolonged decline. The pair is also testing the lower boundary of the previous falling channel, giving buyers a better location to attempt a corrective recovery. If 1.3205 holds and price can reclaim the nearby Ichimoku resistance, Iām watching for a move toward: šÆ Target: 1.3370 This would still be a recovery inside the larger downtrend, not a confirmed bullish reversal. A sustained H2 break below 1.3205 would weaken the setup. Macro Market: Sterling has recently found some support from expectations that the Bank of England may need to tighten policy further as high energy prices keep UK inflation risks elevated. Markets are pricing a high probability of another BoE hike in November, which can support corrective GBP rebounds. The main obstacle remains the US Dollar. DXY is holding near a two-month high while the US 10-year yield has climbed to around 5.27%, and markets see more than a 70% chance of another Fed hike in October. That means any GBPUSD recovery still faces strong macro resistance. AURICVERSE View: GBPUSD is stretched after the selloff, and 1.3205ā1.3249 is the area where a relief bounce makes the most sense. Hold the floor and regain momentum, and 1.3370 becomes the recovery level in focus.