• Trades up 0.07% in a 1.2554-1.2576 range with occasional FX matching flow

• UK business morale falls to a 2024 low as the dust settles on the budget

• Pay growth in the UK remains strong, and growth in vacancies increased

• UK current account and final GDP lead data today - unlikely to impact

• Charts - neutral daily momentum studies, neutral 21-day Bollinger bands

• Mixed 5, 10 & 21-DMAs - no real daily bias, weeklies remain bearish

• The 1.2475 November trend base held on Friday - now major support

• Last week's 1.2730 high, then the 1.2810 December top are initial resistance

• The 1.2446 May low and the 1.2810 December high are the pivotal levels

For more click on FXBUZ