GBPUSD has been in a range since the beginning of this month and recently broke out to the downside last week.
I look to take shorts if current low of 1.25460 is broken within the next couple of days.
An alternative view would be that this breakout may be a false breakout and could possibly run on back into the range as high as 1.2820 higher end of the range if price climbs above 1.2670.