• EUR/GBP extremely range bound, hovers around 0.84 levels ahead of UK data.
   
• The pair finds stiff trendline resistance at 0.8450, intraday bias neutral, weakness only below 20-DMA at 0.8355.
   
• Investors remain cautious ahead of the UK labour market report due later in the EU session.
   
• Markets predict another 60,000 rise in employment in the quarter ended May. This should leave the unemployment rate at its current level of 5.0%.
   
• The headline average annual earnings growth is expected to rise from 2.0% to 2.4%.
   
• Hurdles on the upside align at 0.86, 0.8627 (Jul 6 high) ahead of 0.8651 (Aug 28 2013 high).
   
• On the flip side, a breach below 20-DMA at 0.8355 could drag the pair to 0.8250 levels.