EUR/GBP: The Rally Continues

EUR/GBP had to test the resistance at 0.7500 three times over the course of many months before it finally managed to break above that level. Unsurprisingly, the rally continues. I think we can expect the pair to continue moving to the upside at least until it reaches the next resistance level at 0.7880, which coincides with the (MA)89 on the monthly time-frame. Should the pair manage to break above that resistance, I think it may eventually reach long-term target around 0.8100. Either way, for now I intend to keep my long positions open.