GJ is on a clear downtrend after breaking the monthly and weekly structure. Price is currently on critical demand zone where we're expecting to see some retracement. To enter long positions, wait for clear break of market structure in 1 hour timeframe. However, It will not be a surprise to see price drop to 154.24 and 151.95 before retracement.
All the best
Beyond Technical AnalysisdemandandsupplyzonesmarketstructureorderblocksTechnical AnalysisTrend Analysis

Also on:

Disclaimer