• Off 0.1% with the USD up 0.1% in a very cautious start to the week

• The Israel-Iran battle escalates - high on the agenda as G7 leaders meet

• Oil is steady, Brent +0.2%, $74.36, at the Feb/March levels - no panic

• Nikkei +0.85%, AsiaxJP flat, e-mini S&P +0.15%, gold +0.2% -

• Charts - neutral daily momentum studies, 5, 10 & 21-day moving averages rise

• 21-day Bollinger bands edge higher - daily charts retain a topside bias

• Thursday's 1.1486 low, then the 1.1372 June 6 base are initial supports

• Last week's 1.1632 2025 high, then 1.1692 Oct 2021 high first resistance

• Uptrend remains in place while 1.1395 21-DMA holds on the close

• 1.1500 3.855 BLN, 1.1565 1.997 BLN, and 1.1580 1.607 BLN June 16 strikes
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)