GBP/USD unchanged in Asia, holds precariously above 1.2684, 100-DMA support

Failure to bounce renders support vulnerable, daily close below MA bearish

More support @ 1.2671, 50% of Apr-July rise; break opens 1.2613-20,June lows

Return of risk aversion likely to weigh on GBP; Wall Street closed lower Wed

Asia risk mood better; E-Minis flat after an early 0.85% drop

GBP downside likely limited as Fed Sept 50 bps rate cut chances climb to 75%

U.S. and UK inflation, jobs and wages data next week key

Resistance 1.2740-50, 1.2780; Asia range 1.2678-1.26935

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