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.

Note

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.

Note

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.

Note

Thew new zone I added yesterday in pic above, is now in play

Note

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:

EuroMotif

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