FxWirePro: EUR/GBP spikes to fresh highs since Aug 2013, bias higher

• EUR/GBP spikes highest level since August 2013
   
• GBP amid intense selling pressure after UK Prime Minister Theresa May pledged to trigger Article 50 by the end of first quarter of 2017.
   
• Upbeat UK manufacturing PMI restricted further upside, pair is consolidating the strong up-move.
   
• Technicals are bullish and support further upside.
   
• Next likely target for bulls - 0.8794 and then 0.8815 
   
• We see weakness only below 20-DMA at 0.8555.
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Recommendation: Good to go long on dips around 0.87, SL: 0.8640, TP: 0.8795/ 0.8815