The GBPUSD pair continues to fluctuate around 50% Fibonacci correction level at 1.3196, at the middle of the sideways range that appears on chart, and as long as the price is between 1.3096 support and 1.3295 resistance, the sideways trades will remain dominant on the intraday basis, waiting to surpass one of the mentioned levels to detect the next targets clearly.
Note that breaking the mentioned support will push the price to extend its bearish correction towards 76.4% Fibonacci at 1.2973 direct, while breaching the resistance will stop the negative pressure and push the price back to its main bullish track, to start the positive targets at 1.3419 and extend to the previously recorded top at 1.3618.
Expected trading range for today is between 1.3096 support and 1.3295 resistance.
Expected trend for today: Sideways