BNXUSDT Double Bottom Pattern s Potential 100%-150% GainBNXUSDT has recently shown signs of a promising bullish reversal pattern known as the Double Bottom Pattern, which has garnered significant investor interest. The Double Bottom is a well-known chart pattern that signals a potential reversal of a downtrend, and its presence suggests that the price could soon make a sharp move upward. With strong volume behind this pattern, it indicates that the market sentiment is shifting positively, with more traders entering the market. This could lead to a significant price rally in the coming days or weeks, with potential gains ranging from 100% to 150% or more.
Investors are closely watching BNXUSDT, as this coin has caught attention due to its solid technical setup. The good volume accompanying the pattern is a key signal of confidence in the market, and it increases the likelihood of this breakout becoming a reality. As the market sentiment grows more bullish, traders may see this as a perfect entry point for capturing substantial gains. The combination of solid technicals and growing investor interest positions BNXUSDT as one of the most talked-about crypto pairs for the near future.
Additionally, this pattern reflects a strong level of support that BNXUSDT has established, further validating the potential for a reversal. If the price manages to break above the resistance level, it could trigger a new bullish trend that sees the price move higher. The increase in volume suggests that buyers are ready to take control, and this trend could continue, especially if the broader crypto market shows positive movement. Investors who enter at the right time could benefit from explosive returns as the price looks to retest its previous highs.
As always, it’s important to monitor the broader market conditions, including the performance of Bitcoin and other major altcoins, as they can impact the movements of BNXUSDT. Traders should also keep an eye on key support and resistance levels to make informed decisions. Overall, BNXUSDT presents a compelling opportunity for traders looking for high-reward setups, and with a solid Double Bottom Pattern in play, it could be primed for a major breakout in the near future.
GBPJPY
GBP-JPY Will Keep Falling! Sell!
Hello,Traders!
GBP-JPY is trading in a
Downtrend and the pair
Broke the key horizontal
Level of 189.000 and the
Breakout is confirmed so
We will be expecting a
Further bearish continuation
Sell!
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Check out other forecasts below too!
GBP/JPY "The Dragon" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : "The heist is on! Wait for the breakout, then make your move - Bullish profits await!"
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 199.000 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, Sentimental Outlook:
The GBP/JPY "The Dragon" Forex market is currently experiencing a neutral trend,with a slight bias towards bullishness. driven by several key factors.
⭐Fundamental Analysis
The Bank of Japan's monetary policy and the UK's economic growth will play a crucial role in determining the pair's direction.
The UK's inflation rate and interest rate decisions will also impact the pair's movement.
⭐Macroeconomic Analysis
The global economic growth, trade policies, and geopolitical tensions will influence the pair's movement.
The US dollar's strength and the euro's weakness will also impact the GBP/JPY pair.
⭐COT Report
The latest COT report shows that speculative traders are net long on the GBP/JPY pair, indicating a bullish sentiment.
⭐Sentimental Analysis
The market sentiment is mixed, with some traders expecting a bullish movement due to the UK's economic growth, while others are bearish due to the global economic uncertainty.
⭐Institutional Trader Analysis
Institutional traders are watching the pair closely, awaiting the Bank of England's interest rate decision and the UK's economic growth data.
⭐Retail Trader Analysis
Retail traders are also cautious, with some taking long positions on the pair due to the UK's economic growth, while others are taking short positions due to the global economic uncertainty.
⭐Current Market Position
Based on the analysis, the current market position for GBP/JPY is:
Day Trade: Neutral (40% bullish, 30% bearish)
Swing Trade: Slightly bullish (55% bullish, 25% bearish)
Please note that these percentages are approximate and based on general market sentiment. They should not be taken as investment advice.
⭐Outlook
Based on the analysis, the GBP/JPY pair is expected to move into a neutral direction in the short term, However, the movement is likely to be volatile, and investors should be cautious ahead of the Bank of England's interest rate decision and the UK's economic growth data.
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Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
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GBPJPY: Let's Sell After The CorrectionThe pair is still creating LLs and LHs which is indicative of a bearish trend. I'm looking for a pull back up to retest the POI. Also be aware of the premium fibs, watch for bearish price action at those levels.
Key Sup: 188
Key Res: 189.5 if broken, could get a retest of 190.5
If 189.5 gets flipped to support, this could indicate a reversal.
LONG ON GBP/JPYNice Double Bottom at a Key Demand Level
Jpy index is also Falling from a major resistance area.
I am taking GJ long
Bearish drop off pullback resistance?GBP/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support.
Pivot: 189.58
1st Support: 183.14
1st Resistance: 194.56
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Will GBP/JPY Attempt to Push Higher?Due to it's failed attempts to break each Lower High and the Highest High, I believe it's time for GBP/JPY to sell further. Looking at it on the daily timeframe, I've identified areas of strong support that needs to be broken, preferably with a momentum candlestick and a close below from H4 to Daily. Target prices identified, coincide with the various structural supports as well as Fib Trend Extension levels with the final target being a possibility for price to "spike" into, reversing for a possible retracement.
View video for a full explanation and identified TPs.
Please "like" and feel free to comment with your own ideas or agreement!
GBP_JPY WILL FALL|SHORT|
✅GBP_JPY keps falling
In a downtrend and the
Pair made a bearish breakout
Of the 188.500 key level
So we are bearish biased
And we will be expecting
A further bearish continuation
SHORT🔥
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GBPJPY MONDAY TRADE SIGNAL📊 GBP/JPY 30-Minute Chart Analysis
🔹 Current Trend: The market has been in a strong downtrend, respecting the 20-period WMA (Weighted Moving Average) as dynamic resistance.
🔹 Key Levels:
✅ Support Zone: 187.500 - 187.334 (Marked in Green)
✅ Resistance Zones: 188.414 & 190.021 - 190.313 (Marked in Red)
🔹 Trade Setup:
📈 Possible Buy Opportunity:
Price is holding at a key support zone, showing potential for a short-term retracement towards the resistance level at 188.414 or even 190.021 before continuing lower.
A break & retest of the small resistance zone (marked in brown) could confirm a bullish move.
📉 Overall Bearish Bias:
If price reaches the higher resistance zone (190.021 - 190.313), it may create a strong selling opportunity.
A rejection from resistance could trigger a continuation of the downtrend, targeting new lows below 187.000.
🔹 Trading Plan:
Short-term traders can look for buy scalps towards resistance.
Swing traders should wait for a liquidity grab near resistance before entering a sell position targeting 186.500.
📌 Watch for confirmations like:
✅ Bullish rejection candles at support
✅ Break & retest of the marked zones
✅ Price action signals at resistance
⚡ What’s your bias on GBP/JPY? Bullish or Bearish? Drop your thoughts in the comments! ⬇️🔥
#GBPJPY #ForexTrading #MarketAnalysis #PriceAction #TradeSetup
EURUSD and GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY is in the Down TrendHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPJPY - Short from bearish OB !!Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from bearish OB and level 190.000.
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GBPJPY Price ActionHello Traders,
I hope you're all doing well! I wanted to share a quick market observation with you. On the 4H timeframe, I noticed that price entered the demand zone and swept the liquidity. After switching to the 1H and then the 30M timeframes, I observed a divergence forming. For those of you who trade based on divergences, this might be worth checking out.
Personally, I prefer to focus on price action, and from what I see, there’s enough supply in the current zone. I believe it’s now time for demand to take over, which could lead to a reversal. If price starts moving, we might see a Rally Base Rally pattern forming.
Keep a close eye on this setup, and as always, trade wisely. Wishing you all the best and happy trading!
Cheers!
GBPJPY: Price Action & Swing Analysis
The recent price action on the GBPJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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GBPJPY: daily Zones and possible scenarioHello Traders,
These are the zones I think the pair might react to in near future.
Any breaks below the 188.115, would activate the selling scenario over 189.115
GBPJPY Will Go Higher From Support! Buy!
Take a look at our analysis for GBPJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 190.245.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 193.925 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBP/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 193.736 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBPJPY H8 - Long SignalGBPJPY H8
Leading on from yesterdays analysis too, we came into that 190.000 support price before catching bid again, not entirely sure how much mileage this may have, but there is certainly scope for this setup to start filling this void like we mentioned yesterday.
A large 300 point range which offers 5R from support to resistance and 5R from resistance to support.
GBPJPY BEST INTRADAY SETUPThis analysis focuses on the GBP/JPY 1-hour chart, highlighting key supply and demand zones.
Resistance Zone (191.600 - 192.000): If price retraces to this level, a rejection could lead to a further drop.
Support Zone (190.200 - 190.400): Price is currently reacting to this area. A break below could trigger a deeper move.
Major Demand Zone (189.500 - 189.700): If the current support fails, price may head toward this strong demand area, potentially providing a long opportunity.
Possible Scenarios:
Bullish Case : If price holds above 190.400 and breaks the 191.600 resistance, we could see an upward push.
Bearish Case : A rejection from 191.600 or a break below 190.200 may lead to a drop toward 189.600.
Stay cautious and watch price action confirmations before entering trades! 🚀
GBPJPY Is Nearing An Important Resistance With The Trend!!Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 192.500 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 192.500 support and resistance area.
Trade safe, Joe.
Trading minute impulseOn the minute timeframe of GBPJPY at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
GBP/USD Trend Reversal? Smart Money Entering the Market!GBP/USD is a major forex pair representing the exchange rate between the British Pound (GBP) and the US Dollar (USD). The current price is 1.25100, and the target price is set at 1.27000, indicating an expected upward movement. This trade setup suggests a potential gain of over 200 pips if the price reaches the target. A pip, or "percentage in point," is a standard unit of movement in forex trading, where 1 pip in GBP/USD is 0.0001. The trend line breakout confirms a bullish signal, meaning the price has moved above a key resistance level. Strong volume support indicates that many traders are participating in this move, adding to the momentum. A breakout with high volume often leads to sustained price movement, increasing the likelihood of hitting the target. If the trend continues, traders might see further gains beyond the expected 1.27000 level. However, risk management is crucial, as market conditions can change unexpectedly. Keeping an eye on economic news and key events related to the UK and US economies is essential. Overall, this setup suggests a strong buying opportunity for traders looking to capitalize on the breakout.
