Waiting for further reactions to find the entry position

The price of GBPUSD is now trading between 1.3775-1.3912. I am waiting for further reactions indicating plausible moves in either direction. If it breaks to the upside, the price might rise up to complete a butterfly pattern and reach the 1.3992 level of the potential D point. If it breaks to the downside, the price might retrace and test the top of the descending parallel channel.