GJ has been in a longer term up trend on the daily charts.
Price has pulled back to the 50%Fibonacci level of 125.40.
Chart below
Should price break up through the averages, I will look for a long entry on the short term charts.
As you can see form the chart below price has a trend line support below.
A break above the 4Hr 20 EMA would look good for a test of 128.00 region.
Chart below
I will update when price confirms the direction it wants to go.
Regards
No comments:
Post a Comment