Forex Flash: GBP/USD bounce to struggle below 1.6060 – Commerzbank (Barcelona) - As the GBP/USD continues to be directly offered very near term below the 1.5915 October low, the market is expected to struggle below 1.6060 (55 day moving average). “Only a drop below 1.5770 will trigger another leg down to 1.5521, the 2009-2012 support line”, wrote analyst Axel Rudolph, still pointing to key support at 1.5852/1.5770, which held the initial test last week. This strong support includes the 200 day moving average at 1.5852, the June high at 1.5770, and the 55 and 200 week moving averages.