August 10, 2018 08:29: Turkish Lira / Yen trading strategy [From Mr. Satoshi Emori’s newsletter]

From the investment e-newsletter “Tetsu Emori’s Real Trading Strategy” by Emori Tetsu, provided by GogoJungle, here is a small portion from this morning’s distribution. This time, please look at the trading strategy for the Turkish lira/Japanese yen that is updating to new lows.

Turkish Lira/Yen remains short and is updating to new lows. It can be said to be very weak. It will be maintained until it surpasses 20.65 yen. The Turkish lira is making new lows against the dollar. The long-term trend is positioned around 32 yen, which is still quite far away. For a long position, you need at least to break above 22.35 yen. Emerging market currencies are highly volatile, so it would be better to keep position sizes below one quarter of major currencies.

From “Tetsu Emori’s Real Trading Strategy” (Tetsu Emori) quote.

Finally, the 20 yen milestone has been breached, and there seems to be no sign of stopping for the Turkish Lira/Yen. How far will it continue to fall? (Editorial staff)

Turkish Lira/Yen, 1-hour chart.

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