#CurrencyPairPrediction Fibonacci retracement is a popular technical analysis tool in Forex trading. It is based on the idea that markets will retrace a predictable portion of a move, after which they continue in the original direction. Traders use horizontal lines at key Fibonacci levels — typically 23.6%, 38.2%, 50%, 61.8%, and 78.6% — to identify potential support and resistance areas where price may pause or reverse. These levels are drawn by connecting a significant peak and trough on a price chart. Fibonacci retracement helps traders spot entry points, stop-loss levels, and profit targets during