Malaysia

2025-04-29 03:23

IndustryThe role of 50% retracement in USD/JPY corrections
#CurrencyPairPrediction The Role of 50% Retracement in USD/JPY Corrections In technical analysis, the 50% retracement level is a key psychological point during corrections, especially in currency pairs like USD/JPY. While not an official Fibonacci ratio, traders often monitor the 50% pullback as a significant support or resistance level. In USD/JPY corrections, a retracement to the 50% level often signals a potential pause or reversal in the trend, as traders assess whether the correction is a temporary dip or the start of a deeper move. It reflects a balancing point between bullish and bearish sentiment, and successful holds above or below this level can guide future price direction.
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The role of 50% retracement in USD/JPY corrections
Malaysia | 2025-04-29 03:23
#CurrencyPairPrediction The Role of 50% Retracement in USD/JPY Corrections In technical analysis, the 50% retracement level is a key psychological point during corrections, especially in currency pairs like USD/JPY. While not an official Fibonacci ratio, traders often monitor the 50% pullback as a significant support or resistance level. In USD/JPY corrections, a retracement to the 50% level often signals a potential pause or reversal in the trend, as traders assess whether the correction is a temporary dip or the start of a deeper move. It reflects a balancing point between bullish and bearish sentiment, and successful holds above or below this level can guide future price direction.
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