• -0.1% after closing down 0.4% as lower inflation eased BoE hike fears

• BoE chief economist Pill - potential soft landing a policy balancing act

• BOEWATCH prices yields to peak at 4.405% in August - current target 4%

• Charts; 5, 10 & 21 day moving averages, 21 day Bollinger bands slide

• Momentum studies edge lower - daily signals show strong negative signals

• Close above tested 1.2223 21 day moving average would end downside bias

• 1.1966 New York low then 1.1961 February low are initial supports

• Sustained 1.1960 break would target a test of 1.1870 2023 base

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