GBPUSD making new session highs. Above the 50% retracement

50% of the March trading range busted
The GBPUSD is trading below the 50% retracement of the move down from the March 9 high (the March trading range). That level comes in at 1.2304. The high from earlier the day reach that level and backed off. The 2nd look is breaking above the resistance level.