The GBP/JPY rate reached above to 23.6 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 February 12, 2025
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Statista. (February 13, 2025). British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of February 12, 2025 [Graph]. In Statista. Retrieved April 20, 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 February 12, 2025." Chart. February 13, 2025. Statista. Accessed April 20, 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 February 12, 2025. Statista. Statista Inc.. Accessed: April 20, 2025. https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/
Statista. "British Pound Sterling (Gbp) to Japanese Yen (Jpy) Fibonacci Retracement as of February 12, 2025." Statista, Statista Inc., 13 Feb 2025, https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/
Statista, British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of February 12, 2025 Statista, https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/ (last visited April 20, 2025)
British pound sterling (GBP) to Japanese yen (JPY) Fibonacci retracement as of February 12, 2025 [Graph], Statista, February 13, 2025. [Online]. Available: https://www.statista.com/statistics/1336432/gbp-jpy-fibonacci-retracement/
