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Forex pairs in this Article » GBP/USD (Córdoba) - The pound extended its decline versus the dollar into the North American opening and remains among the worst performers on Monday despite the improvement in risk appetite.

After being rejected by the 1.6155 zone, GBPUSD turned south and slid below the 1.6100 level during the European session. The cross has continued to move lower and recently printed a 4-day low of 1.6037. At time of writing, GBPUSD is trading at the 1.6045 region, down 0.5% on the day.

On the downside, immediate support is seen at the 1.6035 zone, followed by 1.6000/1.5990 (psychological level/Jan 9 low) and 1.5960 (Nov 28 low). On the upside, resistances are now seen at 1.6100 (psychological level), 1.6155 (intraday high) and 1.6175 (Jan 11 high).
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