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Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch 
- GBPUSD has shown a jump of almost 90 pips after release of UK services PMI. UK services PMI for the month of May came at 54 compared to forecast of 52.9. During period of Mar UK Services PMI hits post referendum low on account of seasonal slowdown and period of bad weather. The pair hits high of 1.33925 and is currently trading around 1.33594.
- The pair recovered sharply from low of 1.32043 made on May 29th 2018 and jumped nearly 200 pips from its low. The near term resistance is around 1.3420 (20- day MA) any break above will take the pair to next level till 1.3489 (daily Kijun-Sen)/ 1.3545 (34- day EMA). Short term trend is still weak as long as resistance 1.3620 holds. Any break above 1.3620 will take the pair till 1.3680/1.3760.
- The major support is around 1.3300 and any break below will drag the pair down till 1.3230/1.3200.
It is good to buy on dips around 1.3300 with SL around 1.3245 for the TP of 1.3415/1.3460.
