Analyzing GJ I spotted a few things one being that there is an inverted 3 pin formation on the weekly timeframe. Also clear as day there is a inverted head and shoulder formed as well on the daily timeframe which I don't feel like it got it's justice YET, with that being said I see the bulls coming in and taking over. Price is in a very tough spot at the moment sitting inside of a key zone in between a bery respected psychological level and the resistance for my key zone, waiting for more confirmations. Honestly seeing that there is a pivot point on the daily makes me think we could see some bearish movement after price makes its way up some.
Let me know what you think below!
Let me know what you think below!