• Steady in a 1.2371-1.2391 range - busy early then quiet awaiting London

• Risk appetite improved, E-mini S&P +0.3%, Brent -0.8%, 10yr UST +5bp 4.664%

• Resilient house prices - asking prices for UK homes at close to record-high

• House prices are at odds with the improving outlook for lower inflation

• 5, 10 & 21-day moving averages fall, 21-day Bollinger bands expand

• Daily momentum studies slip - daily charts retain the bearish bias

• Signals target a break of the under pressure 1.2367, 0.618% Oct-March rise

• 1.2467 New York high on Friday is the initial resistance

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