USDJPY Fibonacci Support Resistance Zones: UJ as of Jul 1

已更新

Update from previous Zone calculation linked below in 'Related Ideas'.

I left some of the recent Fib Extensions that were used to look for confluences.
All of the recent moves look to be playing the same rhythm for last month (new fibs line up with old zones).

Of note: the drops were hitting the .236 notes, while the climb was hitting .618 notes in a choppy manner.
That might indicate more bull power, maybe enough to break double top and reach for 3.618 extension of last move up.

General Info:
These zones are calculated using Fibonacci Ratios of past price moves.
Fib extensions and retracements are projected forward in time and price.
If price bounces or reverses, it will probably do so at one of these zones.

Some zones will match previous highs and lows, since Fibs are derived from the extremes.
Some zones will not match anything previous, but they are Fib multiples and THOSE are the important ones.
Zones that are far from current price will be either WIDE or just a LINE. Just a line indicates important Fib Ratio.

Where prices overlap on the zone lines, drag the Right (price) Axis up to magnify and reduce overlap vertically.
There are zones above and below the current price range, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up, or to the right to view larger time frame.

I will update as new zones are defined by upcoming Fibs.

註釋

UJ broke previous high, as mentioned above.
Hit it's own 3.0 extension and is contemplating.
It might pull back now, or make one last run to the zone above or the 3.618, but probably not until London Open if it does.

註釋

Uj really wants that big cozy band above 111.00.
But is tip-toe-ing on the zone below, to the pip I might add.
I think it might break that floor soon, as there are probably cracks from all that jumping to try and reach next band up.

註釋

Ping, Ping, Crack!

fell exactly to the next line down

註釋

Fell all the way through the zone.
Check out the exact retest of bottom line of zone.
That confirms the validity of that zone 100%

註釋

Destination reached, for now?
Fell down to the next zone exactly.
Should find some support there for a while, unless there is Risk-related news.

註釋

This zone seems to be holding.
Looking for a possible long here.

註釋

UJ loves to do this: bounce exactly on a Fib line, often to the PIP

註釋

Wow, quite a rejection from quite a thick/strong Fib zone:

That's hourly candles and it is :38 mins past hour.

註釋

UJ at a critical decision Zone

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How Fib zones are born.
There green areas are possibly new zones

Zooming out, to see the Fibs and Extensions that overlapped to cause these zones

註釋

Fibs dont lie, not even by a pip!

admittedly this pic is from a low volume time of day, but notice how cozy taht band is for this asset at that time.

註釋

Yet another example of the power of Fibs and recognizing the ''bandwidth'' of an asset's waves.

註釋

Fib zones still proving relevance.

These zones were posted July 1st, so almost 3 weeks ago.
Will be posting a new chart with updated zones based on the Fib action since.

These zones were extremely helpful in my evaluation of a longer term Short trade on UJ:

USDJPY shorting opportunity: is UJ topping?

註釋

All fibs zones still being respected.
Am expecting a bounce here

註釋

UJ looking for a bounce but these fib zones seem to have too much energy and not enough bull power

註釋

UJ perfectly in sync with fibs.
Notice the rapid drops across the open spaces.
And the consolidation within the close clusters.

註釋

Price action since this was posted:

Fibs dont lie.
Where I found a lot of zones, I questioned their proximity.
Where I found wide open spaces, I wondered If I missed some.
But the price action confirms their absolute validity.
Price gets trapped in the crowded area, and then springs across the open spaces.

註釋

Another beautiful zone confirmation.