• Trades off 0.45% after Trump steps down from threat to fire Fed's Powell

• Closed down 0.4% on 'Bessent sees de-escalation in US-China trade tensions'

• BoE's Greene says US tariffs likely to put downward pressure on UK inflation

• Strong USD bounce likely short-lived - UK PMIs lead data risk in London

• Charts - 5, 10, & 21-day moving averages rise, as 21-day Bolli bands expand

• Mixed daily momentum studies - positive signals suggest the uptrend survives

• Thursday's 1.3203 low and then last week's 1.3068 base are initial supports

• The 2024 1.3434 high capped - remains the next significant resistance
Andy

(Andrew Spencer is a Reuters market analyst. The views expressed are his own.)