GBP is under pressure due to Corona-virus spread in the UK.
The support rests at 1.21590 with resistance at 1.22670 which both lines are below the weekly pivot point at 1.23880. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the Stochastic is moving in low ranges and the MACD line is below the signal line in the negative territory. The ADX is showing sell signal.
The price has already reaches the lower Bollinger band and crossing the support line will push the price down towards 1.21200; otherwise GBPUSD will be fluctuating within the Bollinger bands.