Sterling market treading water early Friday: waiting for payrolls

Marginally firmer after dip below the 100-day moving average: 1.2651

Some support from Thurs comments from BoE's Pill

CB likely to hike 25bps this month but chances of further hikes fading

GBP/USD resistance levels close by: Wed-Thurs highs and daily cloud base

Wed's 1.2746 high key for today: 1.2776 38.2% Fibo of 1.3144-1.2548 above

The 1.2640 Friday session low provides initial support

Bear trend resumption only below 1.2600

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