• Steady in a tight 1.2616-1.2628 range in Asia, as risk appetite sours

• Lowers stocks Nikkei -1%, AsiaxJP -1.05% news provides questions not answers

• Bank of England's Dhingra says policymakers divided over rate-cutpace

• Charts - 10 & 21-day moving averages climb, as 21-day Bollinger bands expand

• Neutral daily momentum studies - a net positive setup on the daily chart

• Last week's 1.2564 low and then the 1.2512 21 DMA are initial support

• Yesterday's 1.2690 2025 top, 1.2730 Dec 18 high are the first resistance

• Close below Monday's 1.2612 base will leave a bearish shooting star reversal

• Shooting stars are a strong bearish signal that only occasionally appears
Andy

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