2025-04-29 04:58
IndustryHow Fibonacci helps find USD/JPY pullback entries
#CurrencyPairPrediction
Using Fibonacci for USD/JPY Pullback Entries
Fibonacci retracement levels help traders identify potential pullback zones where the USD/JPY price might reverse or continue its trend. After a strong move (up or down), traders draw Fibonacci levels between the recent swing high and swing low. Common retracement levels (38.2%, 50%, and 61.8%) act as support or resistance areas where price often reacts. When USD/JPY retraces to one of these levels with confirming signals (like candlestick patterns or indicators), traders use them as strategic points to enter trades in the direction of the original trend.
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How Fibonacci helps find USD/JPY pullback entries
Malaysia | 2025-04-29 04:58#CurrencyPairPrediction
Using Fibonacci for USD/JPY Pullback Entries
Fibonacci retracement levels help traders identify potential pullback zones where the USD/JPY price might reverse or continue its trend. After a strong move (up or down), traders draw Fibonacci levels between the recent swing high and swing low. Common retracement levels (38.2%, 50%, and 61.8%) act as support or resistance areas where price often reacts. When USD/JPY retraces to one of these levels with confirming signals (like candlestick patterns or indicators), traders use them as strategic points to enter trades in the direction of the original trend.
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