• +0.25%, with the USD softer, as UST yields slip - 10yr -2bp to 4.053%

• Traded at the top of a 1.1945-1.1979 range with only occasional D3 interest

• No Major UK data or BoE speeches, so risk appetite, USD likely lead sterling

• Charts - 10 & 21 day moving averages move lower, momentum studies flat line

• 21 day Bollinger bands contract - signals suggest further consolidation

• 1.2044 21 DMA tested twice, but held in February, pivotal resistance

• 1.1915 February low initial support - 1.1842 2023 low is major support

• 1.1945 Asian low and 1.2007 London high are first significant levels

For more click on FXBUZ