2018-08-01 08:27: Pound-Dollar Trade Strategy [From Mr. Satoru Emori's e-mail magazine]

From the investment newsletter "Real Trading Strategy" by Satoshi Emori, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please take a look at the trading strategy for GBPUSD that fell below $1.31.

We will skip GBPUSD for now. It seems to be headed downward, but for now it is moving sideways. We will monitor which direction it breaks out from from $1.3110. If it surpasses $1.3260, it becomes easier to buy. The long-term trend is around $1.3420, and until we surpass this level the basic tone remains weak. Fair value is around $1.5210, so the current level is quite undervalued, but for now we focus on the short-term trend.

From “Satoshi Emori's Real Trading Strategy” (Satoshi Emori) citation.

Let’s watch how the pound moves tomorrow when the Bank of England (BoE) announces its policy rate decision. (Editorial staff)

GBPUSD, 1-hour chart.

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