The GBPUSD Had an erratic day at best on Tuesday.  The pair moved lower creating lower highs and lower lows as the cross drifted lower in a descending triangle.  The cross tested the bottom and the top of the channel on multiple occasions.  The top of the channel is currently at 1.6260 and the bottom is around 1.6208.  A break of the bottom of the channel opens up support at 1.6170, followed by the monthly descending trend line around 1.61.  A break of the top of the channel exposes resistance beginning at 1.630.

Sup    1.6208                 1.6170                    1.61

Res   1.63

Keane Plan....Waiting for a channel break...If inclined could play the inside of the channel.

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