USDJPY Fibonacci Support Resistance Zones: UJ as of June 10
Updated
These zones are calculated using Fibonacci Ratios of past price moves.
The chart is stretched Vertically - Drag the Right side axis to change magnification.
There are zones above and below the current window, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up.
I will update as new zones are defined by upcoming Fibs.
The chart is stretched Vertically - Drag the Right side axis to change magnification.
There are zones above and below the current window, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up.
I will update as new zones are defined by upcoming Fibs.
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Nothing can escape the laws of the universe as measured by the Golden Ratio.Why did USDJPY turn at 111.487 ? Because the Fibonacci resonance there was too great.
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Close up of the apparent rejection off the Fibs.Notice the exact turning point and repeated defense of a seemingly un-important number.
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Update on some Zones based on recent price action.Bright Blue are new/modified bands.
London open in 1 hour away, lets see if those boys see these zones made by the Asian session.
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Thew new zone I added yesterday in pic above, is now in playComment
Nice adherence to the new zones (blue) I plotted 3 days ago above.I will post a new Idea soon, but for now I am working with these local zones:
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