As you see in the 4H time frame, GJ failed to make a higher high and break the last major high.
Currently, price is facing a strong downside pressure. After making a bearish reversal double top pattern and breaking the neckline to the downside, we saw a sharp drop on GJ.
There is a support level at 158.650 and price is approaching to it, which might push the price to the upside.
If price closes a bearish candle below the support level, we expect more drop on GJ towards the green levels at 156.700 and 155.500 in the future.
Currently, price is facing a strong downside pressure. After making a bearish reversal double top pattern and breaking the neckline to the downside, we saw a sharp drop on GJ.
There is a support level at 158.650 and price is approaching to it, which might push the price to the upside.
If price closes a bearish candle below the support level, we expect more drop on GJ towards the green levels at 156.700 and 155.500 in the future.