August 30, 2018 08:20: Pound/Yen Trade Strategy [From Mr. Tetsu Emori's Mail Magazine]

From the investment newsletter “Real Trading Strategy by Satoshi Emori” by GogoJungle, here is a small excerpt from this morning’s dispatch. This time, please see the trading strategy for GBP/JPY that surged to the 145 level after remarks from EU Chief Negotiator Michel Barnier.

We will maintain a long position in GBP/JPY. It surged. After breaking above 145, the target is 146.65. We will keep longs until it falls below 144. The long-term trend sits around 150.30. The fair value is around 166.10, and the current level is theoretically quite undervalued.

From “Real Trading Strategy by Satoshi Emori” (Satoshi Emori)

Triggered by Barnier’s remarks, there may have been a reversal of the previously accumulated GBP short positions, leading to a significant rise. It may have been difficult to predict this move. (Editorial)

GBP/JPY, 1-hour chart.

Delivering our own “Global Macro Strategy” analysis
Here’s how to obtain the “Real Trading Strategy” newsletter by Satoshi Emori!