#CurrencyPairPrediction Forecasting Major USD/JPY Reversals Using the 61.8% Retracement In technical analysis, the 61.8% Fibonacci retracement level is widely regarded as a key indicator of potential trend reversals. For the USD/JPY currency pair, major reversals often align with this retracement level after significant price movements. Traders use the 61.8% retracement from a major high or low to identify critical support or resistance zones where the price may stall or reverse. When USD/JPY approaches this level with confirming signals—such as weakening momentum, candlestick patterns, or divergence in indicators like RSI or MACD—it increases the probability of a major reversal. However, while effective, this method works best when combined with broader market analysis, such as fundamental factors and risk sentiment.