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2025-04-29 04:43
IndustryProjecting USD/JPY short-term moves with Fibonacci
#CurrencyPairPrediction
Projecting USD/JPY Short-Term Moves with Fibonacci
Traders often use Fibonacci retracement and extension levels to predict short-term price movements in USD/JPY. After a significant price move (either up or down), Fibonacci retracement levels (such as 38.2%, 50%, and 61.8%) help identify likely support and resistance zones where price might reverse or stall. Extension levels (like 127.2%, 161.8%, etc.) project potential targets if the trend continues. By combining Fibonacci tools with price action and technical indicators, traders can better anticipate turning points and continuation zones in USD/JPY's short-term trends.
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Projecting USD/JPY short-term moves with Fibonacci
#CurrencyPairPrediction
Projecting USD/JPY Short-Term Moves with Fibonacci
Traders often use Fibonacci retracement and extension levels to predict short-term price movements in USD/JPY. After a significant price move (either up or down), Fibonacci retracement levels (such as 38.2%, 50%, and 61.8%) help identify likely support and resistance zones where price might reverse or stall. Extension levels (like 127.2%, 161.8%, etc.) project potential targets if the trend continues. By combining Fibonacci tools with price action and technical indicators, traders can better anticipate turning points and continuation zones in USD/JPY's short-term trends.
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