#CurrencyPairPrediction Using Fibonacci Retracement for USD/JPY Swing Trading Fibonacci retracement is a popular technical tool used by swing traders to identify potential support and resistance levels during a price correction within a larger trend. In USD/JPY swing trading, traders typically identify a significant high and low on the chart, then apply Fibonacci retracement levels (such as 38.2%, 50%, and 61.8%) to predict where the price might pull back before resuming the trend. These levels help traders plan entry points, stop-loss placements, and profit targets. Combining Fibonacci retracement with other indicators (like moving averages or RSI) can enhance trade reliability, especially given USD/JPY's sensitivity to economic events and interest rate differentials.