GBPUSD: Relief Rally into Supply Target the $1.3337 Demand floorBritish Pound/US DollarFX:GBPUSDVaultX_TraderThe 1H timeframe reveals a recent aggressive breakdown from a rising trendline, followed by a series of bearish candle closes that have established a clear institutional ceiling. The pair is currently in a neutral-to-bearish consolidation phase below a significant liquidity void. Technical Breakdown: The Supply Target: A major Supply Zone is established between $1.3530 and $1.3556, marked by a previous consolidation block that broke down impulsively. FVG Context: There is a clear Fair Value Gap (FVG) situated immediately below the supply zone, which will likely act as a magnet for a relief rally "fill". Institutional Resistance: Overhead horizontal Resistance is firmly placed at $1.35563. Liquidity Magnet: The ultimate Discount Zone and primary downside target is the Demand Zone located at $1.33373. The "Fill and Drop" Strategy The Anticipated Relief Rally: We expect GBP/USD to push upward to fill the FVG and mitigate the orders within the Supply Zone near $1.3530. The Rejection Thesis: A "small rejection" is technically anticipated once the price taps the institutional supply. A failure to reclaim the $1.3556 level would signal that the broader bearish trend is resuming. Final Target (The Discount): $1.33373. This level represents the structural base and major demand floor where fresh buy-side liquidity resides. Neutral / Invalidation Dashboard Bearish Bias: Active once the price completes the FVG fill and shows a reversal signature within the Supply Zone. Key Support: The current intraday support near $1.3450; a clean break below this without a relief rally would accelerate the drop to the discount. Invalidation: A sustained daily close above the $1.3560 resistance would negate the rejection thesis and signal a potential shift toward a bullish structure. Final Thought: GBP/USD is currently catching its breath after the recent breakdown. Following your proven logic, we are waiting for the relief rally "fill" into the $1.3530 Supply Zone before looking for the high-probability slide toward the $1.3337 discount floor.