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Forex pairs in this Article » GBP/USD (Córdoba) - The GBP/USD continues to hold steady in a quiet session, unchanged from today's opening price hovering around 1.6350. Since Monday the pair has been making higher lows and lower highs, being unable to move away from the 1.6350 area.

At the beginning of the Asian session dropped to 1.6331 but rebounded and rose to 1.6356 reaching a fresh daily high.

Technical outlook for the GBP/USD

The pair continues to move sideways, without a clear trend in the short-term. Since last Thursday is has been unable to trade above 1.6400 but it has found support above 1.6320.

In a wider perspective trend still favor the upside, as the pair holds near 2013 highs that lie at 1.6484 (December 18th highs) and above the important support located around 1.6250.
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