The GBP USD is still ranging on the daily chart, the false breakout of the support level of the range is an indication of a bear trap which means that buyers are willing to go and reach the resistance level of the range.
No we have two scenarios :
-If the market breaks the support level of the range , it will go to test the strong supply zone, which will be a great shorting opportunity -If the market breaks the resistance level of the range it will retest the demand zone which is a nice buying opportunity as well.
Let's watch this market and see what is going to happen
If you got questions feel free to share your ideas and comments