May 08, 2019 08:30:00: GBP/JPY and GBP/USD trading strategy [From Mr. 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 excerpt from this morning’s dispatch. This time, please take a look at the trading strategies for the GBP/JPY and GBP/USD trades.
GBP/JPY is short on new positions. The long-term trend is 143.90 yen.
GBP/USD is exited from long positions and opened new short positions. The long-term trend is 1.3045 dollars.
“Tetsu Emori’s Real Trading Strategy” (Tetsu Emori)quote.
Yesterday’s Reserve Bank of Australia (RBA) policy rate announcement kept the rate at 1.50%, but it also suggested the possibility of future rate cuts, so keep an eye on the quarterly economic outlook release on the 10th. (Editorial staff)
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