February 15, 2019 08:28: Pound/yen and pound/dollar trading strategy [from Mr. Tetsu Emori's newsletter]
From Tetsu Emori's investment e-newsletter "Tetsu Emori's Real Trading Strategy," 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 GBP/JPY and GBP/USD.
We will unwind the long position in GBP/JPY and establish new short positions. The long-term trend is 149.40 yen. The 2019 bearish scenario range is 123.01–141.98 yen, with year-end at 124.29 yen. The February bearish scenario range is 132.65–139.82 yen.
We will maintain a short position in GBP/USD. The long-term trend is 1.3200 dollars. The 2019 bearish scenario range is 1.1660–1.2958 dollars, with year-end at 1.1865 dollars. The February bearish scenario range is 1.2324–1.2816 dollars.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
Because the U.S. market is closed on the 18th for Presidents' Day, there is a possibility of a big move on the 15th, so please be careful. (Editorial Department)
