• Trades off 0.06%, at the base of a 1.3207-1.3221 range - busy early on D3

• Yen strength led in Asia, as UST yields slipped post-Powell GBP/JPY -0.45%

• On Friday BoE Governor Bailey was not convinced UK inflation has been beaten

• Contrasts with the ECB and Federal Reserve's dovish September expectations

• Disparate outlook on rate expectations, provides underlying sterling support

• TECHs - positive daily and weekly 5, 10 & 21 moving averages

• 21-day Bollinger bands expand with mixed momentum studies - bullish setup

• The current uptrend targets a test of 1.3410, 0.786% of the 2021-2022 fall

• Close below the 1.3011 10-day moving average would be a concern for bulls

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