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Forex pairs in this Article » GBP/USD (London) - Karen Jones, chief analyst at Commerzbank notes the upside possibilities in GBP/USD.

“while above the 1.5573 2 month up channel, we remain unable to rule out further upside probes and only a close below here will negate current upside pressure and allow for a slide back to the 1.5430/24 recent lows
and then 1.5104 the August low”.

Above 1.5830 would introduce scope to 1.6036, the 78.6% retracement of the move down from December 2012, which is expected to hold and provoke failure.
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