August 17, 2018 08:49: Pound/yen trade strategy [From Tetsu Emori's newsletter]
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From the investment newsletter “Real Trading Strategy” by Satoshi Emori, provided by GogoJungle, here is a small excerpt from this morning’s edition. This time, please see the trading strategy for the pound/yen, which fell to around 140.20 yen.
We will maintain a short position on the pound/yen. We will maintain it until it exceeds 141.10 yen. The long-term trend is positioned at around 150.50 yen. The fair value is around 166.10 yen, and the current level is theoretically quite undervalued. However, we will emphasize the short-term trend.
From “Satoshi Emori’s Real Trading Strategy” (Satoshi Emori).
President Trump is showing a stance of appreciating a stronger dollar on Twitter, but how will the market take this? (Editorial department)
Pound/yen, 1-hour chart.
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