Price has not been able to close above 1.244XX thus giving good reason to believe that it may be as such again. Big volume on 15/6 did not close past 1.244XX either, much less the current volume price has been trading over the past week.
Big boys looking to sell to buyers at a better price, hence low volume bull may see the price hit 1.244XX again before continuing it's downward trend.
COT shows confluence in the pound weaker than the franc.