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2025-04-29 04:37
IndustryCombining RSI with Fibonacci retracement in USD/JP
#CurrencyPairPrediction
Combining RSI with Fibonacci Retracement in USD/JPY
Traders often combine the Relative Strength Index (RSI) and Fibonacci retracement levels to find high-probability trade setups in the USD/JPY currency pair. Fibonacci retracement helps identify potential support and resistance levels based on the previous price swing, while RSI measures momentum and indicates overbought or oversold conditions.
When USD/JPY approaches a key Fibonacci level (like 38.2%, 50%, or 61.8%) and RSI signals overbought or oversold (typically above 70 or below 30), it strengthens the case for a reversal or pullback. This combination improves timing for entries, increases confidence in the setup, and helps in setting more accurate stop-loss and take-profit
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Combining RSI with Fibonacci retracement in USD/JP
#CurrencyPairPrediction
Combining RSI with Fibonacci Retracement in USD/JPY
Traders often combine the Relative Strength Index (RSI) and Fibonacci retracement levels to find high-probability trade setups in the USD/JPY currency pair. Fibonacci retracement helps identify potential support and resistance levels based on the previous price swing, while RSI measures momentum and indicates overbought or oversold conditions.
When USD/JPY approaches a key Fibonacci level (like 38.2%, 50%, or 61.8%) and RSI signals overbought or oversold (typically above 70 or below 30), it strengthens the case for a reversal or pullback. This combination improves timing for entries, increases confidence in the setup, and helps in setting more accurate stop-loss and take-profit
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