On H4 GJ looks like it is trying to break the low around 176. It is standing on supports on every higher time frames:
(SMA200 on Monthly Tf, SMA20 on DailY Tf, a support horizontal line on H4, and it is trying to break down SMA40 on the weekly Tf. The weekly suggests however there is an even stronger support at 175. (support level + round number + SMA55).
Therefore even if 176 breaks, I would keep an eye on 175 for a bullish reversal.
(SMA200 on Monthly Tf, SMA20 on DailY Tf, a support horizontal line on H4, and it is trying to break down SMA40 on the weekly Tf. The weekly suggests however there is an even stronger support at 175. (support level + round number + SMA55).
Therefore even if 176 breaks, I would keep an eye on 175 for a bullish reversal.
