The parity EUR/GBP stopped its bearish rally just before reaching the lowest of mid december towards 0.8850. Then, a correction occured. The price seems now to go towards the major resistance at 0.90 (0.9050 in extension). A break out of this resistance will offer a new buy signal but as far as the price is below 0.9050, we stay bearish on the parity and recommand to trade only short positions.