The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.41 level. We did not break down below there though, and as a result I think that this was a difficult day to trade. We will be trading based upon pull results coming out of the United Kingdom, and of course the FOMC Statement coming out today in the United States. In other words, this could be a very volatile and dangerous place to be today. With that being the case, I feel much better sitting on the sidelines and trading other pairs at the moment.
