February 4, 2019 08:28: Pound/yen and pound/dollar trading strategy [From Mr. Tetsuji Emori’s newsletter]
From the real trading strategy newsletter “Tetsu Emori's Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please take a look at the trading strategies for the pound/yen and pound/dollar.
We will maintain a short position on the pound/yen. The long-term trend is 149.40 yen. The bearish scenario range for 2019 is 123.01–141.98 yen, with year-end at 124.29 yen. The bearish scenario range for February is 132.65–139.82 yen.
We will maintain a short position on the pound/dollar. The long-term trend is 1.3200 dollars. The bearish scenario range for 2019 is 1.1660–1.2958 dollars, with year-end at 1.1865 dollars. The bearish scenario range for February is 1.2324–1.2816 dollars.
'Tetsu Emori's Real Trading Strategy' (Tetsu Emori)quoted.
With the release of strong economic indicators such as the U.S. employment statistics, yen selling and dollar buying appear to be active. The net buying of the six major currencies against the dollar increased from the previous week, so we will watch future movements closely. (Editorial department)
