USDJPY

2 February 2017, 13:05
Naren Neelamagham
0
49

Fundamentals seem's to be weak in dollars, but still willfully taking a position at support hoping trump will take measures to strengthen dollars. 

 Based on Fibonacci Retracement if UJ breaks 112.47 in D1, then the next support will be at 110. 

I have two position's open in UJ one at 115 and 113. 

I have an exit strategy based on Wave theory. 

What will be the exit strategy with the minimum loss according to you for this trade?