Four-hour chart of GBP/USD. On the background of volatility growth on the chart there was a redrawing of the Murray levels. The currency pair tested the main resistance level (8/8) and bounced down from it. Now the price is testing the intermediate support level (6/8). A consolidation below this level will open the price to the next target, at 1.2512 (5/8). A hold above (6/8) could lead to an upside pullback. We consider the scenario with the quotes decrease as a priority for now.

Recommendations: Sell 1.2615, TP 1.2535