• Steady after closing 1.65% lower on the hawkish Fed and cautious BoE

• Broad U.S. dollar strength saw a bearish outside day and range breakout

• Expect risk appetite and the U.S. dollar to drive sterling in Asia

• UK rail workers union suspend Network Rail strikes after new pay offer

• Charts; 5, 10 & 21 DMAs track lower as 21 day Bollinger bands expand

• A bearish setup, but 1.1892 lower 21 day Bolli band suggests over-sold here

• The close below 1.1842 2023 low targets 1.1637, 38.2% 2022-2023 rise

• 1.1842 prior 2023 low and 1.1915 February range base are now resistance

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