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2025-04-29 11:54
IndustryUsing Fibonacci retracement with volume indicators
#CurrencyPairPrediction
Using Fibonacci Retracement with Volume Indicators in USD/JPY Trading
Fibonacci retracement levels help traders identify potential support and resistance zones where the USD/JPY price might reverse or stall. Common retracement levels include 38.2%, 50%, and 61.8%. By combining Fibonacci retracement with volume indicators (like On-Balance Volume (OBV) or Volume Oscillator), traders can strengthen their analysis: increasing volume near a Fibonacci level suggests stronger conviction in a reversal or breakout, while weak volume may signal a false move. In USD/JPY — a highly liquid and often news-driven pair — using both tools together helps filter out noise and improve timing for entries and exits.
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Using Fibonacci retracement with volume indicators
#CurrencyPairPrediction
Using Fibonacci Retracement with Volume Indicators in USD/JPY Trading
Fibonacci retracement levels help traders identify potential support and resistance zones where the USD/JPY price might reverse or stall. Common retracement levels include 38.2%, 50%, and 61.8%. By combining Fibonacci retracement with volume indicators (like On-Balance Volume (OBV) or Volume Oscillator), traders can strengthen their analysis: increasing volume near a Fibonacci level suggests stronger conviction in a reversal or breakout, while weak volume may signal a false move. In USD/JPY — a highly liquid and often news-driven pair — using both tools together helps filter out noise and improve timing for entries and exits.
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