• GBP marginally firmer post-payrolls but later pared gains. Range: 1.3184-1.3256

• Spot remains confined to narrow ranges, with rebounds lacking conviction

• Attempts to break below 1.3200 have stalled ahead of the 1.3140-60 support zone

• Initial resistance sits at 1.3274, followed by 1.3300

• Shallow dips in US yields also keep dollar risks leaning higher, putting a lid on cable

• However, sterling still performing against EUR, but support at 0.8500 holds for now
GBPUSD hourly chart

Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))