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This is the UsdJpy weekly fib retracements probability based on this years weekly retracements. These fib levels are from last weeks high and low with each fib level showing how many times it has been retraced to. These fib retracements happen either the same week or the following week. As you can see there was little retracement from last weeks run. This week will determine what level of retracement has been reached.
Looks like the 23.6 level has been hit again. 24/24.
However, I think you are being lulled into the false security of backtesting with your analysis.
You state that the retracement can happen
the same week or the following. The trouble is I don't know what the high of this week is until it is finished, so when trading in real time where do I put the fib range? This is obvious when backtesting but not so valid in real time. If you do know when the high of the current week is please let us all know so we can make some $$$.
When running any backtest analysis the very least you should use is closed periods. Even then it is not necessarily 100% accurate, and more so if you are ustilising different timeframes.
To get more validity to your fib range retracements you should only consider retracements for the following week, not the current week. Given the data you have suppleid so far it should provide some interesting analysis.
G-Man
USD/JPY Discussion
. but i keep buying on 123.35 
