September 4, 2018 07:36: South Africa Rand to Yen Trade Strategy [From Teppei Emori's Newsletter]
0
From the investment newsletter "Real Trading Strategy by Tetsu Emori" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s distribution. This time, please look at the trading strategy for the USD/JPY pair with the South African rand showing no signs of rising.
USD/JPY will remain short. It is oversold, but we will maintain the position until it surpasses 7.55 yen. It seems unlikely to break above the long-term trend of 8.35 yen. The USD/ZAR is rising, so we will also watch that movement.
From “Real Trading Strategy by Tetsu Emori” by Tetsu Emori.
Emerging market currencies are still falling, and the situation is not reassuring. When trading, we recommend proceeding with greater caution. (Editorial Department)
South African rand / Japanese yen, 1-hour chart.
× ![]()
