1116 GMT [Dow Jones] Negative bias holds for GBP/USD, says Commerzbank technical analyst Karen Jones, as the overnight spike higher failed to dislodge any resistance of note. She continues to look for a slide toward the June 8 low of 1.5407, with a break here targeting the 2012 low of 1.5235. Now at 1.5615, intraday resistance is pegged at 1.5678, with any rallies likely contained below 1.5786. (gary.stride@dowjones.com)
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(END) Dow Jones Newswires
June 29, 2012 07:16 ET (11:16 GMT)
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