Malaysia

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
Malaysia | 2025-04-29 05:17
#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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