April 12, 2019 08:21: Australian Dollar/Japanese Yen and Australian Dollar/U.S. Dollar trading strategies [From Mr. Tetsu Emori's newsletter]
From the investment 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 AUD/JPY and AUD/USD pair trades.
AUD/JPY will be postponed. The long-term trend is 82.80 yen.
AUD/USD remains long. The long-term trend is 0.7530 dollars.
"Tetsu Emori's Real Trading Strategy" (Tetsu Emori)quote.
In response to strong US economic indicators, the market seems to be actively buying dollars and selling yen. On the other hand, the Eurozone still faces considerable uncertainty due to Prime Minister May's leadership questions and the ongoing Brexit-related delays, even though the UK has agreed to an extension. (Editors)