We really need the Fibonacci lines to see the whole picture.

Here are the templates.
Just add your favorite indicators to the templates and see how the prices react to a certain Fibonacci line.

I found 2 good trading zones for 2020.
133.73 and 132.00
They can be support or resistance.
Each zone already have 11 supports each.

Banzai wrote: Sat Jul 04, 2020 4:35 am I found 2 good trading zones for 2020.
133.73 and 132.00
They can be support or resistance.
Each zone already have 11 supports each.

Good spot Banzai, I will note this on my GBPJPY chart as it's a significant support area! :idea:

Friday, August 14th, 2020

Monday August 17th, 2020
Fibo is amazing.
So the price touch Fibo 61.8%

Good spot on this.

If we use the Weekly chart, we're near the Fibo 38.2% area.
If we use the Daily chart, we're near the Fibo 76.4% area.