Yesterday, Brexit related headline reported, that the GBP/USD pair dropped sharply. This pair is now touching the lower level of its recent range, you can see the first lower figure 1.2684. While a break lower can really move further towards downsides 1.2646 and a very lower support level is that 1.2584 for the pair, traders appear to be trying to defend range support.
As you know, the pair GBP/USD was on the edge of breaking above a resistance level that has continued it lower since late May, before the yesterdays US inflation data. The data release was not enough for a break, leading to a turn lower as the dollar increased broadly.
Daily Support and Resistance
Pivot Point 1.2708