#CurrencyPairPrediction Using Fibonacci with Candlestick Patterns in USD/JPY Trading Traders often combine Fibonacci retracement levels with candlestick patterns to improve timing and accuracy when trading USD/JPY. Fibonacci retracement levels (like 38.2%, 50%, and 61.8%) highlight potential areas where price might reverse or stall. When price approaches one of these levels, traders look for confirmation from candlestick patterns — such as pin bars, engulfing patterns, or doji — to anticipate a bounce or continuation. For example, if USD/JPY retraces to the 61.8% level and forms a bullish engulfing candlestick, it signals a higher probability of a reversal upward. Conversely, bearish patterns at key Fibonacci levels may indicate a continuation of a downtrend. This combination helps traders: Identify high-probability entry points Set stop-losses more effectively Gauge the strength of potential reversals