April 10, 2019 08:13: Pound/Yen and Pound/Dollar trading strategy [From Tetsu 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 portion from this morning. This time, please take a look at the trading strategies for the GBP/JPY and GBP/USD trades.
We will maintain a short position on GBP/JPY. The long-term trend is 143.95 yen.
We will maintain a long position on GBP/USD. The long-term trend is 1.3095 dollars.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)citation.
The International Monetary Fund (IMF) revised downward its global growth projection for this year from the previous forecast, which seems to have supported a dollar/yen buying trend. Today, the release of the FOMC minutes and the European Central Bank (ECB) regular policy meeting are on the docket, so pay attention to news from this afternoon to tomorrow. (Editorial staff)