• -0.2% in a busy 1.2751-1.2785 range, as risk appetite soured - USD +0.2%

• Yen-led sentiment USD/JPY +0.6%, EUR/JPY +0.45%, weak China data followed

• Wet July weather hurt UK retailers - spending growth the lowest in 11 months

• No UK data or scheduled BoE speeches, so the USD and risk to lead sterling

• Charts, daily momentum studies conflict, 21-day Bollinger bands expand

• 5, 10 & 21-day moving averages edge lower - net a modest negative setup

• Thursday's bounce off 1.2627 61.8% May/July rise left a hammer reversal

• Bullish signal targets 1.2820, 38.2% of the July/August fall

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