FXStreet (Edinburgh) - According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the current upside in the pair as corrective. Key Quotes “GBP/USD is upside corrective near term, we note the Elliott wave count on the daily chart is implying scope into the 1.4790/1.4965 zone and this remains viable”. “Note the March 2013 low cuts in at 1.4832 and the 23.6% retracement of the move down from the 2014 peak cuts in at 1.4816. Intraday dips lower are indicated to hold circa 1.4530/1.4460”. For more information, read our latest forex news.