• Steady in a 1.2436-1.2454 trading range, intermittent flow on D3

• Expected UK spring house price rebound in April proves subdued Rightmove

• No tier-one UK data, so the U.S. dollar and risk appetite to drive sterling

• Charts; momentum studies conflict, 5, 10 & 21 day moving averages climb

• 21-day Bollinger bands contract - uptrend consolidates - net positive setup

• Close below the resilient 1.2414 rising 21 DMA would be a bearish signal

• Sustained 21 DMA break targets 1.2262, 38.2% of the March/April rise

• NY 1.2368 low and last week's 1.2474 high initial support and resistance

For more click on FXBUZ