GBPUSD moves to new session low and looks to break a key retracement level

The 38.2% of the move up from June 29 low comes in at 1.25092
The GBPUSD is moving to a new session low and in the process is looking to break a key retracement level. That comes in at the 38.2% retracement of the move up from the June 29 low. Recall from Tuesday, the price fell