GBPUSD : Market’s Overview, 31/07/15 @19:26 GMT

Market’s Overview:

GBPUSD : pair definitely and desperately wants to go UP, but finding the strength to go through the body of a gigantic Bearish KUMO on WEEKLY TF is another story. We know that BEARISH KUMO represents SELL Orders and every time price makes a spike touching the Lower Border of this KUMO Body -which looks less of a cloud and more of a hard rock to me- hell breaks lose and we witness a Bearish Tsunami. KUMO is FLAT on DAILY and H4 TF as well. Nothing worth attending will happen till the Markets close and I would suggest you monitor the pair armed with tons of PATIENCE on Monday till we get clear evidence on its true intentions and capacities focusing on DAILY TF and waiting to see BOTH Tenkan Sen and Kijun Sen going to the SAME Direction with Chikou Span confirming it before we pick a trade from a smaller Time-Frame.

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