Steady after closing up 0.4%, with the USD -0.6% - GBP softer on the crosses

Tight sterling range likely in Asia, unless China surprises with an LPR move

There is no significant UK data today, so the USD, risk appetite to lead GBP

Charts - positive daily 5, 10 & 21 moving averages, as 21-day Bolli's expand

Daily momentum studies track north - a bullish daily and weekly setup

The initial target is a test of the 1.3044 July 2024 trend high

A close above 1.3044 would target the 1.3144 top in July 2023

Monday's 1.2940 low and then Friday's 1.2855 base are initial support

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