GJ Weekly Analysis

Weekly: The pair has previously respected the trend line and move to the lower region. It has consolidated into a descending triangle as it was held back by support on 145 region. Going with the strong trend, the pair has been putting downward pressure on the support in hope to break below it. However,the pair has tested 145 region multiple times through out the month but failed to push below. This signify that the pair has potentially found strong support at this region. With the newly printed Pin Bar, the pair would potentially break above the down trend and challenge the upside at 147.5 & 149.5. On the flip side, If 147.5 region held as strong resistance, the pair would potentially resume its downtrend as the overall trend is still bearish.
Bias
Long-term: Short
Short-term: Long