GBPUSD: 100 EMA rejection. Stoch rolling over. Short 1.31970.GBP/USDOANDA:GBPUSDElibri_Eugen📊 Trade Plan: 🔻 Entry: 1.31970 🛑 Stop Loss: 1.32530 🎯 Take Profit 1: 1.31530 🎯 Take Profit 2: 1.31130 📉 Technical Picture (H1 & Daily): 100 EMA Rejection: Price bounced clean off the 100 EMA and rolled over. The moving average is holding as dynamic resistance. Supply Zone Test: Price is testing the 1.32030–1.32170 supply zone. Stochastic: Exiting overbought territory and turning down. Momentum is shifting bearish. 🗞️ Fundamental Note: Cable caught a small bounce as Dollar bulls faded despite hot Core PCE (3.4% YoY) and strong GDP. But the relief looks fragile. UK political uncertainty lingers — Burnham's succession raises fiscal questions, and RBC BlueBay warns he's boxed in by weak government finances. The Dollar remains supported by hawkish Fed expectations. The pair's upside looks capped. ❌ Invalidation: A daily close above 1.32530 clears the supply zone and voids the short setup.