Yesterday, the GBP / USD exchange rate rose to the weekly PP of 1.2218. During Tuesday morning, the rate tested the 200-hour SMA near 1.2270.
If the given moving average holds, a reversal to the south is likely to occur in the near future. In this case, the rate can target the psychological level to 1,2100.
In the meantime, note that the currency pair could receive support from the 55- and 100-hour SMAs as well as Fibo-38.20% in the 1.2165 / 1.2195 area. If the support provided lasts, the couple can be consolidated in the short term.