GBPUSD 1H SMC Outlook: Retracement Into D1 Demand Before BullishGreat British Pound vs. US DollarFX:GBPUSDDontStopTradingGBPUSD on the 1-hour chart is showing a bullish market structure following the earlier MSS, CHoCH, and BOS. Price has recently pushed toward the nearby 1H supply zone around 1.3500–1.3540, where a short-term rejection or retracement may occur. The marked scenario anticipates price pulling back to collect sell-side liquidity and potentially revisit the Daily FVG + demand zone around 1.3370–1.3390. If that demand area holds and bullish confirmation appears, the broader bullish structure could remain intact, with price potentially targeting the higher supply/liquidity area around 1.3600–1.3630. This is a possible SMC scenario rather than a guaranteed price path; the demand zone would need to hold for the bullish idea to remain valid.