#CurrencyPairPrediction Forecasting USD/JPY using both Fibonacci fan and retracement involves combining two powerful tools to predict potential price movements: 1. Fibonacci Retracement: This tool is used to identify potential levels of support and resistance based on key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%) drawn between a significant high and low on a price chart. These levels indicate where the price may reverse or stall during a retracement. 2. Fibonacci Fan: This tool draws trendlines at key Fibonacci angles (23.6%, 38.2%, 50%, 61.8%) from a major peak or trough. These lines represent dynamic support and resistance levels at different angles, providing insights into the potential direction of price movement and the timing of reversals. By using both tools together: Fibonacci retracement identifies potential reversal levels for price pullbacks. Fibonacci fan provides insight into the broader trend and dynamic support/resistance zones. Traders can forecast potential areas where price might reverse or consolidate by observing how the USD/JPY price interacts with these levels, improving the accuracy of entry and exit points.