FXStreet (Edinburgh) - Axe Rudolph, Senior Technical Analyst at Commerzbank, argued the pair needs a close above the 1.4313/66 band in order to alleviate downside pressure. Key Quotes “GBP/USD reversed last week from 1.4083 and has now broken through the two month downtrend at 1.4313”. “In order to alleviate downside pressure, a close above here and the recent high at 1.4366 will be needed. This looks increasingly likely”. For more information, read our latest forex news.