• +0.15% after closing up 0.3%, led by the euro amid German/EZ stimulus hopes

• UK seeks to scale back lengthy reviews that delay new housing projects

• No significant market-moving weekend news, so a tight GBP/USD range likely

• There is no tier-one UK data or BOE events, so the USD, EUR/GBP flows lead

• Charts - 5, 10 & 21-day MAs climb, as 21-day Bollinger bands head north

• Positive daily momentum studies - last week's bounce leaves a bullish setup

• The 1.2788 200 DMA and then Tuesday's 1.2679 low are initial supports

• 1.3046 range top in November 2024 is the next significant resistance

• A sustained break of the 1.2657 21-day moving average ends the topside bias For more click on [FXBUZ]

Andy

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