• Off 0.05% after closing +1% with stronger GDP, and the U.S. dollar off 0.8%

• Bank of England policymakers Greene and Pill cautious on rate cuts

• No significant UK data or scheduled BoE speeches today - USD likely leads

• Charts- 5, 10 & 21-day moving averages climb, as 21-day Bolli bands rise

• Positive daily momentum studies - daily signals have turned bullish

• The 1.2597 upper 21-day Bolli band and the 1.2616 2025 top likely resilient

• Thursday's 1.2442 low, then Tuesday's 1.2332 base are initial support

• Close below the tested 1.2422 21-day moving average ends the topside bias

• A close above the 1.2616 2025 high would be a strong positive for next week
Andy

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