• Steady after closing up 0.25% in a volatile session - U.S. dollar off 0.25%

• Expecting sterling to be lead by risk appetite and U.S. dollar in Asia

• UK PM Sunak shuffled the cabinet to enable his pledges on the economy

• Mixed reception to the reorganization, which will likely take time to bed in

• Techs; 5, 10 & 21 day moving averages head lower, 21 day Bolli bands expand

• Momentum studies slide - dip leaves a bearish setup on daily charts

• 1.1984, 76.4% of the 2023 rise held on the close - 1.1842 2023 base below

• 1.2095 NY high then 1.2225 10 day moving average are initial resistance

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