The GBP/USD pair fell during the course of the day on Tuesday, as we continue to consolidate in this general vicinity. We believe that this market should ultimately make a decision fairly soon, but we recognize that we need to either break down to a fresh new low in order to sell, or a move above the 1.8 level could let us buy for the short-term. In the meantime though, we anticipate that there is going to be a lot of choppiness in this consolidation and therefore we’ve gotten no interest whatsoever in being involved.
