While GBP fell against USD the eyes will be on economic reports from the UK such as: Industrial Production, GDP and Manufacturing Production data.
The support rests at 1.27560 with resistance at 1.28450 which the weekly pivot point at 1.28300 is located in between the lines. The EMA of 10 is moving horizontally in the descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving in oversold area, the Stochastic is showing upward momentum and the MACD line is below the signal line in the negative territory. The ADX is not showing any clear signals.
The price may fall towards the support line at 1.2750 but it will grow back towards the upper Bollinger band at 1.29000.