GBPUSD moves back down to test April midpoint level

Can the broken 50% hold?
The GBPUSD is moving back down after testing a swing area in the 1.25137-214 area and reversing.  The price is now retesting the 50% retracement of the move down from the April 14 high to the April 21 low on the hourly chart below. That level comes in at 1.24466 level.