Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees bullish attempts in the pair could struggle around 1.4230. Key Quotes “GBP/USD has sold off to the 1.4083 January low, which has so far held on a closing basis”. “Currently we suspect that intraday rallies will remain capped by 1.4230 for losses towards initially 1.3800”. “Below the market lies the minor psychological 1.4000 region, but the 1.3502 January 2009 low remains our primary target medium term”. For more information, read our latest forex news.