EUR/GBP broke its five-month downtrend this morning a trading day after breaking the neckline of a head-and-shoulders bottom.
Look for a buy-the-dips mentality to prevail in the near-term in that cross. 0.8465 looks like a good entry level, should it present itself again.
0.8735 is the measured move objective from the head-and-shoulders, just below the major resistance area from 0.8775 to 0.8805.
