KELHOME

Quite difficult for me to make decision on this pair. Just to share my GBP USD chart. No open position right now as I am really confuse about the movement. I short this morning and already closed it due to double bottom, then it is going upward until now. Maybe a triple top? Let see either a triple top, or flat channel or whatsoever. At this moment I am still favor the bear will come out soon. Yeah, bearish divergence is there but the price did not react as expected.

Below is my chart.. maybe a complex 5.

And below is Instaforex analysis

July 8: Here is the chart. Three bearish divergence still did not enough to bring cable downward. I do hope the bear will come within the nearest time, helped by a breakout of the diagonal triangle.

Finally, as expected. Here is the latest chart.