March 01, 2019 08:25: Australian Dollar/Japanese Yen and Australian Dollar/US Dollar trading strategy [From Tetsu Emori's newsletter]
From the investment newsletter “Jōmori Satoshi's Real Trading Strategy” by Satoshi Jōmori, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY will unwind its long position. The long-term trend is 82.80 JPY.
AUD/USD will unwind its long position and establish new short positions. The long-term trend is 0.7530 USD.
“Satoshi Jōmori's Real Trading Strategy” (Satoshi Jōmori)—quoted.
The real GDP for October–December '18 grew 2.6% quarter-on-quarter, ahead of market expectations of 2.3%, which seems to have driven dollar buying. The yen is weakening, but since it may still be influenced by risk parity strategies, caution is advised. (Editorial Department)