Flash: GBP/USD has reached the 1.5035/28 target zone – Commerzbank

FXstreet.com (London) - Analyst, Axel Rudolph, at Commerzbank said that GBP/USD has reached the 1.5035/28 target zone, made up of the April and the 20th of March lows.

He sights support at 1.4997, the 78.6% Fibonacci retracement of the March-to-May rise, may also be reached and is regarded as the last defence for 1.4832, the March low.