Yesterday brought to a close another good week for the Forex Trade Kings Club and myself. We have enjoyed 5 weeks now with our weekly targets being met and we expect this to continue. The more volatility there is in the markets the more we like it. This past week the Euro has fell to test the previous support left by natural support and resistance points. Initially this point has held in the 1.3300 range a second test here and we could see a failure this next time around. Looking at this movement of the Euro over the past week since the initial test of 1.3300 (figure 1) and the events that unfolded from that point.This week we'll look at using the Fibonacci retracement tool to gauge price movement and give some pointers on using the Fibonacci retracement tool. In this example we'll use the USD/Yen and start from the 4 hour perspective. (Figure 1) is the starting point where we watch the retracement. After making a high we see price begin to fall, find mild support and begin to move back up. As it moves back up we can use the fib tool to point out the resistance levels to price.