• Up 0.15% after closing down 0.6% - resilient with the USD up 0.9%

• Potential U.S. tariff back-down was behind the U.S. dollar recovery

• BoE Gov Bailey said they must take trade war risk to growth very seriously

• UK consumer sentiment -48 in April from -35 - US tariff turmoil reverberates

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

• Daily momentum studies crest - mixed signals, but the uptrend survives

• 1.3203 Apr 17 low, then 1.3150 0.382% of the April rise is key support

• The 2024 1.3434 high capped - remains the next significant resistance

• A close below 1.3150 Fibo support would end the topside bias
Andy

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