• GBP/USD +0.1% Thur in Asia after closing above critical 1.3160 pivot Wed

• Close below 1.3160 may see pair accelerate toward 1.3040 support zone

• Surging oil supply not providing sentiment uplift widely anticipated

• DXY remains elevated near 13-month 101.80 high n firming FFR hike bets

• U.S. May core PCE price index due Thur, Reuters poll consensus +0.3% m/m

• Range Asia 1.31625-82, support 1.3040, resistance 1.3270-75 1.3867 1.4250
GBP Daily 55-DMA


DXY Daily 55-DMA

(James Connell is a Reuters market analyst. The views expressed are his own.)