August 27, 2018 08:34: Euro/JPY trade strategy [From Mr. Satoru Emori's newsletter]

From the investment newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu 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 the euro/yen, which has risen to the low 129s.

We will maintain long positions in the euro/yen. It has surpassed 129. It is quite strong. If it falls below 128.60, we would like to unwind the long. The fair value is 126.30, so the current level is slightly overvalued. The long-term trend is 128.25, so we can judge that there is finally a potential for an upward long-term move.

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

The euro/yen is on an upward trend, but it appears somewhat overbought, so the timing of unwinding the long may be the key. (Editorial staff)

Euro/Yen, 1-hour chart.

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