GBPUSD range break needed

The British pound continues to move in a large price range against the US dollar as traders await UK lawmakers to make a final decision over Brexit. The GBPUSD pair is currently trapped between the 1.3300 to 1.3100 level, with a sustained breakout needed before a new trend can emerge. Technical indicators are currently neutral and remain flatlined across the four-hour time frame.

• The GBPUSD pair is intraday bearish while trading below the 1.3100 level, key technical support is found at the 1.3000 and 1.2970 levels

• If the GBPUSD pair trades above the 1.3200 level, buyers may test towards the 1.3300 and 1.3388 resistance levels.