EUR/GBP ready to make move towards .80 and below

• Since breaking above 1.6250, cable has been unable to break back below (apart from one minor stop-loss binge);
• All data emanating from the UK economy has been very strong in recent months;
• The EUR will have a few nervy months as the EZ banking system again comes under the microscope;
• Long term equilibrium levels for the EUR/GBP cross lie around .7500 imho and I see no reason whatsoever for us currently to be trading 15% above these.

One of my strongest Q1 trades for 2014 will be the short EUR/GBP play with a minimum target at .7700.