The pair tracked euro-dollar moves in NY Friday. The rate initially pressed to $1.5479 on release of strong Non-Farm Payrolls, before the pair bounced and extended the recovery to $1.5601. Technical resistance stalled, profit take sales added weight as the pair closed in NY at $1.5570. Euro-sterling recovered off pullback lows of stg0.8406 to close at stg0.8425. Cable opened in Asia on a bid tone and lifted to highs of $1.5599, the rate met strong supply ahead of $1.5600 easing back with euro-dollar to settle around $1.5575/85. A break on the topside opens key techs at $1.5607 (50% of $1.6381-1.4832, 2013 range), stops seen on a break of $1.5610/20, ahead of more offers at $1.5630. Euro-sterling lifted to initial highs of stg0.8429 before easing lower with euro crosses to stg0.8419. Support seen on the downside at stg0.8405 (29 Apr, May 2 low), a break opens stg0.8398 (26 Apr low), ahead of stg0.8395 (38.2% of stg0.7755-0.8815).
