February 14, 2019 08:26: Euro-yen and Euro-dollar strategy [from Mr. Satoru Emori's newsletter]
From the investment mailing list "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's edition. This time, please take a look at the trading strategies for EURJPY and EURUSD.
We will maintain a long position in EURJPY. The long-term trend is 128.45 yen. The 2019 bear scenario range is 113.03–127.23 yen, with year-end at 114.75 yen. The February bear scenario range is 119.78–125.33 yen.
We will maintain a short position in EURUSD. The long-term trend is 1.1620 dollars. The 2019 bear scenario range is 1.0457–1.1657 dollars, with year-end at 1.0711 dollars. The February bear scenario range is 1.0969–1.1452 dollars.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
Because there are not many negative stories on the Japanese side, Mr. Emori expects that it will lead to yen selling. As of 11 o'clock, EURJPY is trading in the 125 yen range, so it remains to be seen whether it will move toward a weaker yen. (Editorial staff)
