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.