GBP/USD fell during the session on Tuesday in order to test the support yet again. The 1.62ish area looks to be supportive, but if it gives way we could see a move down to the 1.60 level. The 1.60 level should be supportive as well, and in fact we prefer to buy down at that level if possible.
The EUR/GBP pair fell during most of the session for Tuesday, but managed to find support in the 0.7950 level by forming a hammer. This area looks supportive in general, and as a result it looks like we could be bouncing back into the range between here and 0.8150 or so.
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