FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the door remains open for a test of the 1.5658/90 area. Key Quotes “GBP/USD continues to hold sideways and at this stage we are unable to rule out an extension to the top of the range circa 1.5658/90”. “A move below 1.5280 is required to alleviate immediate upside pressure but we will need a move sub 1.5200 to retarget the 1.5108 low”. “The more important 1.5086/1.5000 support which is the 61.8% retracement and psychological support is likely to provide strong support”. For more information, read our latest forex news.