GBPUSD H1 | Demand Zone Under WatchBritish Pound/US DollarSAXO:GBPUSDntulilwageophreyGBPUSD remains under short-term bearish pressure after a clear break in market structure and a Change of Character (CHoCH) on the H1 timeframe. Price is currently trading inside a key demand zone, where buyers may attempt to regain control. Technical Outlook 📍 Demand Zone: 1.3405 – 1.3415 📍 Supply Zone: 1.3530 – 1.3550 📍 Market Structure: Bearish in the short term, but approaching a potential reversal area. Smart Money & COT Perspective Recent COT positioning suggests institutional traders still maintain a net bullish bias on GBP overall, while the US Dollar has gained strength in recent sessions. This creates a mixed outlook and increases the importance of monitoring price action around the current demand zone. Trading Scenarios 🟢 Bullish Scenario If buyers defend the demand zone and bullish confirmation appears: • Target 1: 1.3470 • Target 2: 1.3500 • Target 3: 1.3530 🔴 Bearish Scenario If price closes decisively below 1.3400 on H1: • Target 1: 1.3380 • Target 2: 1.3350 • Target 3: 1.3300 Final Thoughts The current demand zone is a critical area to watch. A strong bullish reaction could trigger a move toward the supply zone, while a clean breakdown would confirm further downside momentum. Patience and confirmation remain key before entering any position. What is your bias on GBPUSD this week — Bullish or Bearish? Let me know in the comments.