• +0.05% after closing -0.55% with a bearish outside day on USD strength

• BoE's Pill: It is 'crucial' rates stay at 5.25% to tame inflation

• Market expects BoE will keep rates on hold until at least July

• Sterling likely quiet in Asia ahead of key GDP, IP and construction data

• Charts; momentum studies conflict, 5, 10, and 21-day moving averages coil

• 21-day Bollinger bands flat line - neutral setup suggests consolidation

• This week's 1.2428 high and 1.2435 200-day moving average a viable range top

• The 1.2213 New York low, and then 1.2199 21-DMA are initial supports

For more click on FXBUZ