GJ is facing a strong bearish pressure and as I mentioned in my previous analysis in Daily time frame, I was waiting for the pull back and retest to the yellow broken zone.
Currently, as you see in the 4H chart, price is approaching to the resistance zone to retest this area between. 152.900 - 153.300
If we take a look at the price structure, we can see a main downside move with lower lows and lower highs. Moreover, the bearish candles are clearly stronger than the bullish ones and we are in the correction phase right now.
Still wait for price to see if it will be rejected from the resistance zone, and in the case of any bearish signal in lower time frames like 1H or 30min, we can enter short with a target around 151.00
Currently, as you see in the 4H chart, price is approaching to the resistance zone to retest this area between. 152.900 - 153.300
If we take a look at the price structure, we can see a main downside move with lower lows and lower highs. Moreover, the bearish candles are clearly stronger than the bullish ones and we are in the correction phase right now.
Still wait for price to see if it will be rejected from the resistance zone, and in the case of any bearish signal in lower time frames like 1H or 30min, we can enter short with a target around 151.00
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