GBPUSD moves above – and tries to move away from – the 50% midpoint

Midpoint from the move down from December high at 1.24611.
The GBPUSD has moved above – and is trying to move away from – the 50% midpoint of the move down from the December 2019 high to the March 2020 low. That level comes in at 1.24611. The price is trading at 1.2504 comfortably above that