GBPUSD Intraday: M-phone formation ? Selling rallies 1,25 target

Hi Traders,
with the break of 1,2640 to the downside looks like pound may get back to the reality

If the megaphone formation on the chart is correct, we may see retest of the mid line before move lower...

selling rallies towards 1,2660/80,
stop above 1,2715
first target around 1,25

Good Luck