• +0.05% after closing -0.55% with a bearish outside day, and the USD +0.55%

• UK pay rise deals remain at a record 6% in three months to March - XpertHR

• Pay data maintains the pressure on the BoE to hike rates to 4.5% on May 11th

• Charts; close below 1.2425 21-day moving average is a negative signal

• Daily momentum studies edge lower, 5, 10 & 21-day moving averages coil

• 21-day Bollinger bands contract - consolidation continues - neutral setup

• Close below the 1.225 rising 21 DMA targets 1.2262, 38.2% March/April rise

• NY 1.2388 low and 1.2425/37, 5, 10 & 21 DMAs initial support and resistance

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