• -0.05% after closing -0.15%, resilient to a 0.5% yen-led U.S. dollar rise

• Yield spreads favoured the USD, 10yr UST +5bp 4.926%, 10yr gilt -5bp 4.515%

• Markets confident of no BoE change on Nov 2 BOEWATCH prices hold at 93.65%

• Sterling to trade tight ranges onto the Fed's FOMC tonight and BoE tomorrow

• Charts; 5, 10 & 21-day moving averages, plus momentum studies rise

• 21-day Bollinger bands contract - a neutral setup as the range dominates

• Choppy consolidation in the October- 1.2038-1.2337 broad range set to extend

• NY 1.2120 low and London 1.2201 high are initial support, resistance

  For more click on FXBUZ

For more click on FXBUZ