GBP/USD: Extends South after Above-Forecast US ISM Index

Cable has extended south to one-week lows just shy of 1.9520 following the disclosure of December's better-than-expected US ISM manufacturing index. This rose to 51.4, from a three-and-a-year low of 49.5 in November. 1.9520 was the approximate December 27 low. 1.9500 and 1.9435 (Dec 18 low) are among bear targets/support points below.