• Steady after closing up 0.7%, as UST yields and the U.S. dollar fell

• Sterling likely quiet in Asia ahead of jobs and PMI data later in London

• Charts; 5, 10 & 21-day moving averages coil, momentum studies edge higher

• 21-day Bollinger bands expand - mixed signals but a modest topside bias

• Targets a test of the October 1.2337 high as the first major resistance

• 1.2038, the October and current trend low remains the initial key support

• 1.2144 London low and close 1.2258 NY high are initial support, resistance

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