- Cable 38.2% props cent drop from post-NFP high, elicits support circa 1.5357
- Apr NFP 223k, bang on consensus forecast, earnings & labor force participation +0.1%. Jobless rate -0.1%
- 1.5402 was pre-US data low vs 1.5496 London am high
- 1.5357 = 38.2% of 1.5088 (Tuesday low) to 1.5523 (Asia 10wk high)
- 1.5460 was high after 41k downward revision to US Mar NFP
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