Fibonacci retracement analysis can work in any ... I decided to work out a 1/3 (33%) retracement and draw it in to the chart. This is the solid line drawn at 132.22 (as you can see in the chart ...

Fibonacci retracements are popular among technical traders. They are based on the key numbers identified by mathematician Leonardo Pisano, nicknamed Fibonacci, in the 13th century. Fibonacci's ...