Malaysia

2025-04-29 11:48

IndustryHow Fibonacci projections predict USD/JPY targets
#CurrencyPairPrediction Fibonacci projections are used to predict future price targets by measuring key moves and applying Fibonacci ratios (such as 61.8%, 100%, 161.8%) to project potential extensions of trends. For USD/JPY, traders identify a major swing (a recent significant high-to-low or low-to-high move) and then apply Fibonacci projection levels to estimate where the next price move could reach. These projections suggest likely areas where the USD/JPY might encounter support, resistance, or trend exhaustion, helping traders set targets for entries, exits, or stop-losses.
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How Fibonacci projections predict USD/JPY targets
Malaysia | 2025-04-29 11:48
#CurrencyPairPrediction Fibonacci projections are used to predict future price targets by measuring key moves and applying Fibonacci ratios (such as 61.8%, 100%, 161.8%) to project potential extensions of trends. For USD/JPY, traders identify a major swing (a recent significant high-to-low or low-to-high move) and then apply Fibonacci projection levels to estimate where the next price move could reach. These projections suggest likely areas where the USD/JPY might encounter support, resistance, or trend exhaustion, helping traders set targets for entries, exits, or stop-losses.
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