Overall I remain bullish on this pair but I’ve been trading it since 1986 and it does nothing in a straight line. With cable touching the base of its trading channel, and crosses like GBP/JPY also at or close to ‘value’ levels, there might be some merit in trying to pick a short-term top in EUR/GBP.
I’m not sure on levels yet, its a matter of watching and waiting but I’m not averse to selling somewhere say near .8430/40 in anticipation of a quick 100 pip dip?