#CurrencyPairPrediction Fibonacci retracement during news events for USD/JPY Fibonacci retracement is a technical tool traders use to predict potential support and resistance levels by measuring the key retracement percentages (23.6%, 38.2%, 50%, 61.8%, and 78.6%) of a prior price move. During major news events (like U.S. Non-Farm Payrolls, Fed announcements, or Bank of Japan policy updates), USD/JPY can experience sharp volatility. In these moments, Fibonacci retracement levels help traders identify where price might temporarily pause or reverse after an initial reaction spike. However, during high-impact news, price often overshoots normal retracement levels due to increased momentum and liquidity imbalances, so relying solely on Fibonacci without considering volatility and broader sentiment