• Slipped 0.05% in a tight but active 1.3102-1.3114 range on LSEG FX Matching

• Asia took the negative U.S. lead, Nikkei -3.3%, capping risk sensitive GBP

• There is no tier one UK data or BoE events, so the USD and risk lead GBP

• Charts - 10 & 21 daily and weekly moving averages head higher, 5 DMA falls

• 21-day Bollinger bands contract as momentum studies crest - uptrend holds

• Friday's 1.3200 top and last week's 1.3269 high are the first resistance

• A close below 1.3038, 38.2% April/August rise would end the topside bias

• Break of 1.3024 21-DMA to target the rising 1.2697 lower 21-day Bolli band

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