已更新

USDJPY Fibonacci Support Resistance zone: UJ as of Jul 30

This is my periodic update of Support Resistance zones for this pair.
See the ''Related Ideas'' links below for previous calculations.

Only a few zones have changed since last post.
Even the drastic moves have been mostly in rhythm with existing fibs.
But some new zones were defined, and some were eliminated.

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

Pretty crazy PA since I posted this, due to BOJ meeting.
But the new zones seem to be doing their thing, kind of.

The fact that even wild swings were contained tells me these zones are pretty good. However, I will observing the movements closely, the volatility today may well lead to some new Fibs that prove solid enough to redefine some zones.

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After the high volatility BOJ news, we are back in rhythm.

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Nice. The fibs continue to define the road map exactly.

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Wow. Every day I am in utter disbelief at the power of the Golden Ratio

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Picture Perfect. So I had to take a picture

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The fib show conintues

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Nice

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Hmm, slight deviations starting to appear.
Green pings confirm fibs, Red fibs question accuracy now.

Small deviations are starting to creep in, at least on these fibs posted about 2 weeks ago. I am calculating new fibs based on movements since this was originally posted. These minor variations noted today may or may not be of concern yet, because of the sizable weekend gap, which will induce deviations in the short term. Next 24 hours should clarify the situation: Did the gap throw off the 'rhythm' and a new rhythm has been set (these fibs get confirmed less and less accurately), OR the gap followed the rhythm with an unexpected jump, which might get dissolved into the bigger picture (these fibs keep confirming).

註釋

A good sign

UJ might be working itself back into the established rhythm. Bounces getting closer and closer to the original Fib lines

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Yup, UJ working itself back into rhythm

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Bingo, back in Rhythm

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Excellent, another confirmation ping.
It is amazing how it/they are working hard to reconfirm each resonance point.

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Another confirmation ping, but still a bit deviant in other places.

and evaluating the movements since original chart was posted to fine tune some of these zones.

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Back to the Scene of the Crime (weekend gap).
Hopefully we are Re-Synced and back in same rhythm.

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Another prefect ping. Re-Sync appears to have been effective

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Nice

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Another narrow band confirmed precisely.

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I think UJ is about to do something dramatic. It rarely oscillates above and below one of my zones like it has been for several hours now

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Progress since my last snapshot of UJ oscillating AROUND my zone rather that WITHIN.

Some volatility followed, but now back to the scene of the crime. Will be an interesting UK/US session next.

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Looks like fibs are confirming again

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The pings keep coming, but looks like it might missed one by a couple of pips. would not be surprised at a retest of the zone with blue ? mark

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UJ really wants to ping 110.774, has been pinging the rest of the fib lines perfecly, but missed this one on several attempts. What happens there will be key for me on USD and Risk thoughts
s3.amazonaws.com/tradingview/snapshots/u/UmRXMz0a.png

註釋

Uj finally tested that 110.774, twice for good measure, but could not hit the bottom of that zone (110.722) and off she went, merrily hopping upwards from zone to zone