EURGBP Bullish Continuation

The EURGBP pair broke out of resistance at the 0.8850/60 region after previously testing that region the last 5 weeks in a row. What seemed like a yearlong head and shoulder top has turned into a head and shoulder failure continuation. This breakout is in concert with a generally strong euro. Measured move target is at 0.9850/80 area though a more conservative target is at 0.9650 area. Stops are at the Low of the breakout day at 0.88. A conservative stop is at 2 ATR from your entry.