Off 0.05% early after closing down 0.1% with the USD up 0.1%

Charts; 5, 10 & 21-day moving averages plus daily momentum studies conflict

The Bank of England rate decision will likely leave GBP sidelined in Asia

Rates on hold with a cautious but more dovish tone is expected from the BoE

5, 10 & 21-day moving averages slip - as 21-day Bollinger bands edge lower

Daily momentum studies show mixed signals - charts turn net negative

Resistance starts at Tuesday's 1.2568 top then at Friday's 1.2634 high

1.2466/67 0.5% of April/May rise and last week's base are initial support

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