• -0.1%, in the middle of an occasionally busy 1.2385 - 1.2415 D3 range

• The U.S. dollar edged 0.1% higher in a low key start for markets in Asia

• No significant UK data today, so U.S. dollar, risk appetite to lead sterling

• Charts; positive momentum studies and 5, 10 & 21 day moving averages

• 21 day Bollinger bands contract - uptrend stalled but remains valid

• Close below the 1.2371 rising 21 DMA would end the topside bias

• 1.2371 21 DMA and early Asia 1.2415 high initial support and resistance

• Close will be pivotal for sterling's current uptrend

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