• -0.15% at the base of a busy 1.2480-1.2498 range, after Tuesday's 1.8% jump

• Tight GBP range ahead of key UK inflation data - poll headline CPI 4.8% y/y

• US PPI and retail sales key in NY - strong data could trigger a yield bounce

• Charts; momentum studies rise, 5, 10, and 21-day moving averages climb

• 21-day Bollinger bands expand - signals show a strong positive setup

• Targets a test of 1.2590 50% retracement of the July-October fall

• Close below the pivotal 1.2441 200 DMA would undermine the topside bias

For more click on FXBUZ