The GBP/USD pair did very little during the course of the day on Tuesday, as we continue to hang about the 1.60 level. This is an area that is significant on the longer-term charts, and as a result we feel that this market should continue to be one that attracts a lot of back and forth type of action. If we can break out above the 1.62 level though, we would consider this market to be very bullish and consider that it would continue the overall long-term trend to the upside. We have no interest in selling.
