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Wednesday, 6 August 2014

GBP/JPY H4


General overview for 06/08/2014:

A slight adjustment in corrective wave labeling has been added to the chart but the general mid-term outlooks stays the same: bias is BEARISH and breakout and daily close below the level of 172.22 reinforces the view.

Support/Resistance:
171.10 - WS2
171.62 - WS1
172.22 - 172.46 - Supply Breakthrough Zone
172.92 - Weekly Pivot

Trading Recommendations:
Sell the rallys.


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