• Flat after a 0.1% dip, posting a fresh 1.2690 2025 top, with the USD +0.05%,

• Bank of England's Dhingra says policymakers divided over rate-cut pace

• There is no first-tier UK data today - BOE chief economist Pill speaks

• Charts - 10 & 21-day moving averages climb, as 21-day Bolli bands expand

• Neutral daily momentum studies - a net positive setup on the daily chart

• Last week's 1.2564 low and then the 1.2512 21 DMA are initial support

• Yesterday's 1.2690 high then the 1.2730 Dec 18 high are the first resistance

• Close below 1.2612 base Monday would leave a bearish shooting star reversal

• Shooting stars are a strong signal that only occasionally appears
Andy

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