GBPUSD 1H Intraday Outlook: Sweep Into SupportBritish Pound/US DollarFX:GBPUSDHenrybillionGBPUSD 1H Intraday Outlook: Sweep Into Support, Reclaim Setup Toward 1.3500+ GBPUSD on the 1H chart printed a sharp selloff from the upper range, then dipped into a well-defined demand pocket before bouncing back. This is the classic “liquidity sweep + reclaim attempt” structure: price sold hard, tagged support, and is now trying to rebuild higher lows for a push back into the prior distribution near 1.3500. Today’s edge is not guessing direction in the middle. The edge is trading the reclaim: either buyers defend the base and reclaim 1.3500, or the bounce fails and price rotates back into the lower demand zone. Key Support and Resistance Levels (From the Chart) Support Zones 1.3430–1.3420: intraday base after the drop (current decision area). 1.3390–1.3378: major demand zone (lower green box). If price returns here, it becomes the highest-probability buy location. 1.3360: breakdown continuation level if the 1.3378 demand fails with acceptance. Resistance Zones 1.3480–1.3490: first resistance cluster (often a pause zone during rebounds). 1.3500–1.3510: key supply / prior range base (upper green box). This is the main reclaim trigger. 1.3525–1.3540: next upside objective if 1.3500 breaks and holds. Fibonacci Confluence (Using the Drop High to Drop Low) From the visible impulsive leg down (swing high around 1.353x to swing low around 1.343x), the rebound levels to track: 0.382: 1.3470 area (first “real” resistance in a corrective bounce) 0.50: 1.3480–1.3485 (midpoint magnet) 0.618: 1.3495–1.3500 (most important reclaim zone, aligns with the boxed resistance) 0.786: 1.3510–1.3515 (last gate before a run to 1.3525–1.3540) This explains why the 1.3500 handle matters: it is a Fib 0.618 zone plus a structural supply line. Trendline and Structure Read (1H) The selloff created a steep short-term bearish leg, but the rebound suggests sellers may be exhausting into demand. For a true bullish shift, GBPUSD needs to reclaim 1.3500 and build acceptance above it (multiple closes, not just one wick). If price fails under 1.3500 and starts making lower highs again, treat the bounce as corrective and expect a rotation back toward 1.3390–1.3378. EMA and RSI Checklist (Practical Confirmation) EMA (20/50/200 approach) Bullish continuation improves if price reclaims EMA20 first, then flips EMA50 into support on a retest. If EMA20/EMA50 keep capping rallies around 1.3480–1.3500, the rebound is still corrective. RSI (1H) A sustainable rebound usually shows RSI reclaiming and holding above 50 during pullbacks. If RSI stays below 50 while price tests 1.3500, rejection odds increase. Intraday Trade Plans (Clear Triggers, Clean Invalidations) Plan A: Buy the Base, Target the Reclaim Best when price holds above the current base and builds higher lows. Entry idea: 1.3430–1.3420 on bullish rejection or a higher-low confirmation Invalidation: 1H acceptance below 1.3390 Targets: TP1: 1.3470 TP2: 1.3485 TP3: 1.3495–1.3500 TP4: 1.3525–1.3540 if 1.3500 flips to support Plan B: Breakout Buy Above 1.3500 (Confirmation Setup) This is the cleaner momentum trade if you want less chop. Trigger: 1H close above 1.3500, then retest holds (support flip) Invalidation: back below 1.3485 after the breakout Targets: TP1: 1.3525 TP2: 1.3540 Plan C: Sell Rejection at 1.3500 (If Reclaim Fails) High probability if price taps 1.3500 and prints weak closes with RSI heavy. Trigger: rejection wicks + failure to close above 1.3500, preferably RSI failing under 50 Invalidation: 1H acceptance above 1.3515 Targets: TP1: 1.3470 TP2: 1.3430 TP3: 1.3390–1.3378 demand zone Plan D: Buy the Deeper Demand (1.3390–1.3378) If the market dips again, this is the premium “location trade.” Entry idea: 1.3390–1.3378 with bullish rejection Invalidation: 1H close below 1.3360 Targets: TP1: 1.3430 TP2: 1.3470 TP3: 1.3500 What to Watch During the Session Holding above 1.3430 keeps the rebound thesis alive. The session’s main decision point is 1.3500: reclaim and hold favors continuation to 1.3525–1.3540. Repeated failure at 1.3500 shifts the advantage back to sellers and increases the odds of a rotation into 1.3390–1.3378. Risk Note This analysis is for educational purposes, not financial advice. Intraday volatility can spike around reclaim zones and supply/demand edges. Keep risk fixed per trade and avoid overtrading inside the middle of the range. If you want more session-based GBPUSD plans built around Fibonacci, trendline structure, EMA, and RSI confirmation, follow and save this idea for the next updates.