February 8, 2019 08:07: Pound/Yen and Pound/Dollar trading strategy [From Heto 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 the pound/dollar.
We will maintain a short position on the pound/yen. The long-term trend is 149.40 yen. The range of the bearish scenario for 2019 is 123.01–141.98 yen, with year-end at 124.29 yen. The range of the bearish scenario 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 range of the bearish scenario for 2019 is 1.1660–1.2958 dollars, with year-end at 1.1865 dollars. The range of the bearish scenario for February is 1.2324–1.2816 dollars.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
It seems the Bank of England notes that if the UK leaves the EU without an agreement, the UK economy could suffer more than during the global financial crisis. The government’s moves should be watched up to the March 29 deadline. (Editorial staff)
