#CurrencyPairPrediction Weekly USD/JPY Forecasting Models Using Fibonacci Retracement Forecasting the USD/JPY currency pair often combines technical analysis tools, with Fibonacci retracement being a popular choice. Analysts apply Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, and 78.6%) to major recent price swings to identify potential support and resistance zones. Weekly forecasting models integrate these levels with broader market trends, momentum indicators (like RSI or MACD), and economic fundamentals (such as U.S. interest rates or Bank of Japan policies). Typically, after a strong move, traders expect the USD/JPY to "retrace" part of that move before resuming its trend. Key Fibonacci levels help pinpoint where pullbacks might end or reversals might start. In a bullish trend, analysts watch retracement levels for buying opportunities; in bearish trends, they look for selling opportunities around these levels. Models also often combine Fibonacci with patterns (like channels or head-and-shoulders) for higher confidence forecasts.