• +0.1% after closing up 0.35% with the USD off 0.15% on the U.S. holiday

• Bank of England held rates at 4.25%, but are wary of higher energy prices

• UK rates on a 'gradual downward path' - largely as expected - muted response

• British consumer morale ticks up but the Middle East conflict clouds outlook

• Charts - 5, 10, & 21-day moving averages, crest/fall, momentum studies, ease

• 21-day Bolli bands contract - the daily signals retain a net negative bias

• 1.3517 21-day moving average and Tuesday's 1.3577 top are first resistances

• 1.3415 lower 21-day Bolli and 1.3386 0.5% May/June rise resilient support

• 1.3386 0.5%, and 1.3328 0.618% of the May-June rise are next Fibo supports
Andy

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