September 6, 2018 08:24: Euro-yen and Euro-dollar trading strategy [From Teppei Emori's newsletter]
From Teru Ogori (Tetsuo Emori)'s investment newsletter "Teru Emori's Real Trading Strategy" provided by GogoJungle, here's a small excerpt from this morning's release. This time, please take a look at the trading strategies for EUR/JPY and EUR/USD.
EUR/JPY will unwind its short position and take on a new long. If it breaks above 129.85 yen, momentum could pick up. The fair value is 126.30 yen, and the current level is slightly overpriced. The long-term trend is 128.25 yen, so the trend can be considered as being maintained.
EUR/USD will unwind its short position and take on a new long. There is considerable upside potential. 1.1770 dollars is resistance. The fair value is 1.1565 dollars. The current level can be said to be within this range.
From 『Teru Emori's Real Trading Strategy』(Teru Emori) quotation.
Following Bloomberg's report that Germany and the UK have withdrawn their main demands regarding the United Kingdom's exit from the European Union (EU), the euro and the pound have risen. (Editorial staff)
EUR/JPY, 1-hour chart.
