• Steady after closing down 0.23%, capped by broad based market 'risk off'

• Record UK renewables auction boosted offshore wind and broad confidence

• There is no tier one UK data or BoE events, so the USD and risk lead GBP

• Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA falls

• 21-day Bollinger bands contract as momentum studies crest - net positive

• Friday's 1.3200 top and last week's 1.3269 high are the first resistance

• A close below 1.3038, 38.2% April/August rise would end the topside bias

• Break of 1.3024 21-DMA to target the rising 1.2697 lower 21-day Bolli band

For more click on FXBUZ