#CurrencyPairPrediction Fibonacci retracement helps forecast potential market reversals by identifying key levels where price may experience support or resistance. Traders plot horizontal lines at Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%) between a significant high and low. These levels suggest where a price correction could pause or reverse, helping traders anticipate entry or exit points during trends. While not always precise, they are widely used with other tools to strengthen reversal predictions.