EUR/GBP Continues Climbing

EUR/GBP finally broke above the resistance at 0.7950 and slowly continued moving to the upside. The next level of resistance is located around 0.8100 – 0.8120 which is visible on the monthly time-frame and I think that it is almost inevitable for the pair to reach that level, likely very soon. The question is what will follow after that? The pair will either bounce off the resistance and likely retrace back to 0.7900, or it will break above that level and continue climbing. If it does break above the resistance its next long-term level of resistance would be around 0.8600 – 0.8700. Either way, for now I have a long position open and I won’t close it before it EUR/GBP reaches 0.8100.