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Forex · indicator signal

Fibonacci bounce up on EUR/JPY

On EUR/JPY the fibonacci bounce up showed up 80 times. The target came first 49% of the time, the stop 39%, and 12% went nowhere within 12 candles.

Counted on EUR/JPY: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily650%50%0%
Hourly7449%38%14%

EUR/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
EUR/JPY8049%39%12%
All Forex charts97439%54%7%
Every market16,35735%58%8%

Year by year

YearFoundTarget firstStop first
2024862%38%
20252438%54%
20264353%28%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the fibonacci bounce up is

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.

Imagine climbing a hill, sliding back about halfway, then catching your footing and climbing again. Fibonacci levels mark how far back price slid compared with the climb. A Fibonacci bounce up is when price slides back into the 50% to 61.8% zone and bounces.

The full fibonacci bounce up lesson, video and quiz ›

Other patterns on EUR/JPY

Inside bar · Stochastic bearish cross · Spinning top · Stochastic bullish cross · Doji · MACD bearish cross · EMA 9/21 bullish cross · MACD bullish cross · EMA 9/21 bearish cross · RSI overbought drop · all of them

The fibonacci bounce up elsewhere

GBP/USD · EUR/USD · USD/CHF · GBP/JPY · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the fibonacci bounce up work on EUR/JPY?

In 80 cases on EUR/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 49% of the time and the stop came first 39%; 12% went nowhere within 12 candles.

What is the fibonacci bounce up?

After a big rise, price pulled back to the 50 to 61.8% zone and bounced.