DeGRAM | GBPUSD — Strong Sell Meets Major SupportGBP/USDOANDA:GBPUSDDeGRAM📊 Technical Analysis ● GBPUSD is holding above the 1.3180–1.3200 support zone after another decline, while the broader structure remains capped below the 1.3280–1.3300 resistance area. ● The current technical statistics are strongly bearish: Investing.com shows Strong Sell, with all 12 moving averages signaling Sell and 8 of 10 main technical indicators also pointing to Sell. ● Despite the bearish statistics, price is sitting directly on major support. A successful hold could trigger a corrective rebound toward 1.3280–1.3300, matching the projected path on the chart. A break below support would invalidate the rebound setup and strengthen the downside structure. 💡 Fundamental Analysis ● The US dollar remains near an 18-month high after the latest FOMC minutes showed broad concern about inflation and support for further tightening. US 10-year Treasury yields also moved back above 5.30%, keeping pressure on GBPUSD. ● Sterling is facing its own headwinds. UK 30-year gilt yields surged above 6% to a 28-year high as oil prices and inflation concerns intensified ahead of the October 28 UK budget. ● At the same time, UK labour-market data showed some improvement in September, while markets continue to price around an 81% probability of a November BoE rate hike. This gives the pound some fundamental support, but the dollar's current strength remains the stronger short-term driver. ✨ Summary ● GBPUSD is caught between Strong Sell statistics and major support around 1.3180–1.3200. Holding this zone could produce a corrective rebound toward 1.3280–1.3300, while the broader bearish structure remains intact below resistance. Share your opinion in the comments and support the idea with a like. Thanks for your support!