GBPUSD, after a strong fall, enters the phase of a sideways range - the accumulation of energy for further movement. From the opening of the session, the currency pair makes a strong move, which completely wastes the daily ATR. The price after the breakdown of the level of 1.2485 rises to resistance - the upper limit of the range - 1.2595.
I suppose testing the resistance with a false breakout followed by a price rollback to the nearest level of 1.2485.