GBPUSD preparing for the break

GBPUSD has been consolidating since the UK Parliament was dissolved. As a result, the pound has been trading sideways as it prepares for a bigger move into one of the two directions. At this point of time, it's hard to tell what's the next move. In my opinion, the risk is to the upside as the market seems to be over saturated with Brexit and its impact on the pound. Watch out for a test of the $1.3100 zone (confluence of 100 and 200 WMAs) on positive developments.