• Unchanged in a 1.2225-1.2236 range in a quiet start to the FX week in Asia

• Strong pay growth in the UK private sector spreads to the public sector

• Data underscores the Bank of England's 'higher for longer' rate expectations

• No significant data in London, so risk appetite and the USD to lead sterling

• Charts; momentum studies slip, 5, 10, and 21-day moving averages coil

• 21-day Bollinger bands edge higher - neutral setup suggests consolidation

• Last week's 1.2428 high and 1.2436 200-day moving average a likely range top

• The 1.2187 NY low, and then the 1.2096 November base are initial supports

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