Forex: GBP/USD rises above 1.6400 following ISM

02 November 2009 @ 10:39 am EDT

FXstreet.com (Córdoba) - Dollar and Yen tumbled across the board following the release of the U.S. manufacturing ISM and pending home sales. GBP/USD jumped almost a hundred pips from 1.6355 to 1.6435 in a few minutes. Currently it trades at 1.6415/20, 0.10% above today's opening price. The pair is getting closer to intra-day high that lies at 1.6478. The next resistance is located at 1.6500 and above at 1.6580 (Oct 30 high).

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