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GBPUSD rises on upbeat UK Services PMI data; focus turns towards key 1.3410 barrier

Cable rallied on higher than expected UK Services PMI data which rose to 54 in May (the highest since Feb) beating forecast at 52.9.
Fresh bullish acceleration from pre-data low at 1.3333 hit session high at 1.3384 and also broke above cracked barrier at 1.3362 (Fibo 38.2% of 1.3617/1.3204) with eventual close above here (following repeated failures on Fri/Mon) to generate bullish signal.
Near-term picture improved on fresh rally, turning near-term bias higher, however, close above Monday’s spike high at 1.3398 is seen as minimum requirement to keep bullish bias for test of key barrier at 1.3410 (50% of 1.3617/1.3204 / falling 20SMA).
Firm break here would signal continuation of recovery from 1.3204 (29 May low).
Converged 5/10SMA are attempting to form bull-cross and mark solid support at 1.3325 which is expected to contain extended dips.

Res: 1.3398; 1.3410; 1.3459; 1.3499
Sup: 1.3362; 1.3333; 1.3302; 1.3253