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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.
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Common 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.
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