Malaysia

2025-04-29 05:03

IndustryCommon Fibonacci confluences in USD/JPY setups
#CurrencyPairPrediction Common Fibonacci Confluences in USD/JPY Setups In USD/JPY trading, Fibonacci confluences occur when multiple Fibonacci levels align, strengthening potential support or resistance zones. Traders commonly look for overlaps between Fibonacci retracements (e.g., 38.2%, 50%, 61.8%) and Fibonacci extensions (e.g., 127.2%, 161.8%) drawn from different swings (highs/lows) to identify high-probability reversal or breakout points. In USD/JPY, these confluences are often more reliable due to the pair’s strong trending nature and sensitivity to key technical levels. Popular combinations include the 61.8% retracement aligning with a 161.8% extension or the 50% retracement matching prior structure levels, often signaling significant reactions in price.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.

alexa6327
Trader
Hot content

Industry

Event-A comment a day,Keep rewards worthy up to$27

Industry

Nigeria Event Giveaway-Win₦5000 Mobilephone Credit

Industry

Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit

Industry

South Africa Event-Come&Win 240ZAR Phone Credit

Industry

Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit

Industry

[Nigeria Event]Discuss&win 2500 Naira Phone Credit

Forum category

Platform

Exhibition

Agent

Recruitment

EA

Industry

Market

Index

Common Fibonacci confluences in USD/JPY setups
Malaysia | 2025-04-29 05:03
#CurrencyPairPrediction Common Fibonacci Confluences in USD/JPY Setups In USD/JPY trading, Fibonacci confluences occur when multiple Fibonacci levels align, strengthening potential support or resistance zones. Traders commonly look for overlaps between Fibonacci retracements (e.g., 38.2%, 50%, 61.8%) and Fibonacci extensions (e.g., 127.2%, 161.8%) drawn from different swings (highs/lows) to identify high-probability reversal or breakout points. In USD/JPY, these confluences are often more reliable due to the pair’s strong trending nature and sensitivity to key technical levels. Popular combinations include the 61.8% retracement aligning with a 161.8% extension or the 50% retracement matching prior structure levels, often signaling significant reactions in price.
Like 0
I want to comment, too

Submit

0Comments

There is no comment yet. Make the first one.