• +0.07% near the top of a tight 1.2521-1.2538 range with steady flow on D3

• Sterling is firmer with risk appetite, as E-mini's and commodities rise

• BoE rate decision next week - no change, but optimism on inflation viable

• Like the Fed, BoE will be dependent on upcoming data for the timing of cuts

• Charts; 5, 10 & 21 DMAs conflict, 21-day Bollinger bands contract

• Daily momentum studies rise - the daily signals show no strong bias

• Monday's 1.2569 high then 1.2596, 50% of the March/April fall are resistance

• 1.2475 10-day moving average and early London 1.2467 base are first supports

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