#CurrencyPairPrediction Strategic Entries and Exits Based on Fibonacci Retracement in USD/JPY: Fibonacci retracement levels are widely used to identify potential reversal points in the USD/JPY currency pair. Traders apply Fibonacci levels—typically 23.6%, 38.2%, 50%, 61.8%, and 78.6%—to significant price moves to pinpoint support and resistance zones. Entry Strategy: Traders often enter long positions near retracement support levels (e.g., 38.2% or 61.8%) during uptrends or enter short positions at these levels during downtrends, ideally with confirmation from candlestick patterns or momentum indicators. Exit Strategy: Exits are typically set at previous highs/lows or the next key Fibonacci levels. For example, a trader entering at the 61.8% level may target the 0% level as the take-profit point, while placing a stop-loss just below the 78.6% level to manage risk.