Fibonacci Calculator GBP/JPY
Calculate Fibonacci levels for GBP/JPY
Inputs
Calculate price range
190.350 - 187.950
= 2.400
Calculate 38.2% level
190.350 - (2.400 × 0.382)
= 189.433
Calculate 61.8% level
190.350 - (2.400 × 0.618)
= 188.867
For GBP/JPY Fibonacci levels: GBP/JPY uses 2-decimal pricing (0.01 per pip) since JPY is valued in hundreds per unit. This cross pair has typical spreads of 2.0-3.5 pips with good liquidity.
Frequently Asked Questions
How do I use Fibonacci levels for GBP/JPY trading?
For GBP/JPY, identify a significant swing high and low, then apply Fibonacci retracements. Key levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6% of the move.
Which Fibonacci level works best for GBP/JPY entries?
The 38.2% and 61.8% levels often provide strong support/resistance for GBP/JPY. As a minor pair, GBP/JPY may respect different levels based on trend strength.
How do I calculate Fibonacci extensions for GBP/JPY targets?
Use Fibonacci extensions (127.2%, 161.8%, 261.8%) on GBP/JPY to project profit targets beyond the initial swing. Enter the swing points to calculate extension levels.