• Unchanged after closing down 0.35%, as rising UST yields saw the USD +0.35%

• Hopes UK retail sales will recover with consumer confidence in the summer

• Expecting a low-key end to the Asian week, USD and risk lead sterling

• Charts; soft close validated Wednesday's bearish outside day

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

• 21-day Bollinger bands expand - setup suggests the base is the weak side

• 1.2308 NY low then 1.2242, 50% 2023 rise are initial supports

• 1.2387 London high then 1.2421 10DMA are first resistance

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