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2025-04-29 05:17
IndustryReal examples of USD/JPY retracements that predict
#CurrencyPairPrediction
Real Examples of USD/JPY Retracements Predicting Trends:
Retracements in the USD/JPY often signal trend continuation or reversal. For instance:
2016: After the U.S. election, USD/JPY surged but pulled back to the 50% Fibonacci retracement of the initial move — this support level held, predicting a strong continuation rally into 2017.
March 2020: During COVID-19 panic, USD/JPY dropped sharply, then retraced about 61.8% before resuming a broader downtrend, confirming bearish momentum.
Late 2022: After peaking near 152, USD/JPY retraced about 38.2%, finding resistance that led to a steady downtrend through early 2023.
In these cases, key Fibonacci retracement levels (38.2%, 50%, 61.8%) acted as critical zones where price either bounced or reversed, helping traders anticipate future
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Real examples of USD/JPY retracements that predict
#CurrencyPairPrediction
Real Examples of USD/JPY Retracements Predicting Trends:
Retracements in the USD/JPY often signal trend continuation or reversal. For instance:
2016: After the U.S. election, USD/JPY surged but pulled back to the 50% Fibonacci retracement of the initial move — this support level held, predicting a strong continuation rally into 2017.
March 2020: During COVID-19 panic, USD/JPY dropped sharply, then retraced about 61.8% before resuming a broader downtrend, confirming bearish momentum.
Late 2022: After peaking near 152, USD/JPY retraced about 38.2%, finding resistance that led to a steady downtrend through early 2023.
In these cases, key Fibonacci retracement levels (38.2%, 50%, 61.8%) acted as critical zones where price either bounced or reversed, helping traders anticipate future
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