Daily: the pound has pushed back from the upper Bollinger Band and is ready to move in the opposite direction. Envelopes are located horizontally, so the scenario of further downward movement of quotations seems to be the most probable.

H4: strong support may be found in the zone 1.2031-1.2061, where the hour and the daily Bollinger bands converge. Given the low trend potential of ADX, the market may need a respite at current levels.

H1: Intraday the pair is also in a downward phase. We expect the quotes at the level of 1.2031 (lower limit of the Bollinger envelopes). It is unlikely to go lower. More precisely, not today.

Conclusions: fall to 1.2031.
Recommendations: Sell to 1.2031.