July 13, 2018 08:17: Euro/JPY trade strategy [From Mr. Tetsu Emori's newsletter]

From the real-time trading strategy newsletter "Tetsuya Emori's Real Trading Strategy" by Emori Tetsu, provided by GogoJungle, here is a small portion from this morning's dispatch. This time, please look at the euro/yen trading strategy that has surged into the 131 yen range.

We will maintain a long position on the euro/yen. It cleanly broke out upward. Let’s follow the trend. Next target is 131.45 yen. The long-term trend support is 128.25 yen. Since it has surpassed this, it can be said to be more likely to rise. The fair value has fallen to 126.10 yen, so the current level is somewhat overvalued.

Quoted from “Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori).

As of 10:40, the euro/yen has surpassed the 131.45 yen target Emori-san set, and is trading around 131.48 yen. How far will this upward trend continue? (Editorial staff)

Euro/yen, 1-hour chart.

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