The early London slide to session lows in GBPUSD could not sustain a break beneath the 50 % retrace of the May–June rise or the nearby swing shelf at 1.33619-1.33784. Dip-buyers stepped in, and once price reclaimed the 100-hour MA at 1.3445—which also coincides with the broken 38.2 % retracement level—the sentiment flipped from sell-the-rally to buy-the-dip.

推动此举：

• 美国收益率触及盘中低点 – 2-year is now at 3.825 % (-8.3 bp), 10 -year 4.302 % (-7.3 bp), 30-year 4.840 % (-5 bp). Dovish USD.

• 美联储行长鲍曼 echoed Waller, saying a 7月减产可能 if inflation stays tame. Dovish USD

价格现在已经遇到了与以下因素紧密相连的阻力：

1. 200-小时MA： 1.35057

2. 断裂趋势线的下方 from late May

3. 摇摆乐队： 1.3505-1.3514

A sustained break above that zone would unlock upside and have traders looking toward 1.35804 to 1.35919. Failure to punch through keeps the pair in a 范围在1.3445至1.3514之间。Lose that, and today’s bullish narrative unravels toward 1.3414 and the 50% again at 1.33869