FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees chances of a small rebound to the 1.5230/60 area. Key Quotes “GBP/USD is seeing a tiny rebound as it attempts to consolidate recent losses”. “The market sold off sharply last week almost hitting psychological support at 1.5000. This is a key break down point for the market and we would allow a small rebound towards 1.5230/60 ahead of another leg lower”. “Resistance above here intensifies and is likely to provoke failure, the 200 day ma lies at 1.5344 and is expected to cap”. For more information, read our latest forex news.