The GBP/JPY rate reached above the 50 percent 50-day Fibonacci, as the yen continued to grow weaker. Fibonacci — based off the famous infinite math sequence from 13-century Italy — is a metric often used in FX trading to find key levels of support and resistance. Essentially, the sequence potentially reveals thresholds on which traders can buy or sell assets and are regularly set as profit targets. When these retracements are met, traders will act.
British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of April 24, 2025
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British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of April 24, 2025
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Statista. (April 25, 2025). British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of April 24, 2025 [Graph]. In Statista. Retrieved May 12, 2025, from https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/
Statista. "British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of April 24, 2025." Chart. April 25, 2025. Statista. Accessed May 12, 2025. https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/
Statista. (2025). British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of April 24, 2025. Statista. Statista Inc.. Accessed: May 12, 2025. https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/
Statista. "British Pound Sterling (Gbp) to Japanese Yen (Jpy) Fibonacci Retracement as of April 24, 2025." Statista, Statista Inc., 25 Apr 2025, https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/
Statista, British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of April 24, 2025 Statista, https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/ (last visited May 12, 2025)
British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of April 24, 2025 [Graph], Statista, April 25, 2025. [Online]. Available: https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/
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