• EUR/GBP extends gains for the second straight session on Wednesday, GBP dented by poor CPI data on Tuesday
  
  
• Gains in the day faltered ahead of channel top resistance at 0.7360, and the pair has edged lower to currently trade at 0.7336
  
  
• Pair influenced by dovish steer from ECB's Constancio, who said that ECB has scope to increase/expand QE
  
  
• By contrast, BoE is expected to hike Bank Rate in 2016, Carney & 3 MPC hawks to address TSC from 1315GMT 
  
  
• Sterling cautious ahead of the UK jobs report, expectations are for a stronger UK labour market report
  
  
• Euro zone CPI data seen flat m/m in August, compared to a -0.6% in July, will also provide further incentives on the cross later today
  
  

Resistance Levels:

R1: 0.7358 (Daily High Sept 14)

R2: 0.7360 (Channel top)

R3: 0.7376 (Daily High Sept 3)

Support Levels:

S1: 0.7323 (200-Day MA)

S2: 0.7318 (10-Day MA)

S3: 0.7313 (Session low Sep 15)