GBPUSD moved sideways in a trading range between 1.2014 and 1.2106. As long as 1.2106 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2578, further decline to 1.1950 area is still possible after the consolidation, only break above 1.2106 resistance could bring the price back towards 1.2250.
