September 13, 2018 08:32:00: Pound-Dollar Trade Strategy [From Mr. Teru 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 dispatch. This time, please look at the trading strategy for GBPUSD, which rose to the mid-1.30s.

We will stay long on GBPUSD. We will hold until it breaks below 1.3015. The next target is 1.3440. Before that, the long-term trend at 1.3400 is in sight. Surpassing these could lead to a sizable rise. The fair value is around 1.5210, so the current level is quite undervalued.

From “Tetsu Emori’s Real Trading Strategy” (Tetsu Emori)引用。

Today, events such as the European Central Bank (ECB) Governing Council and the Bank of England (BOE) Monetary Policy Committee are on the schedule. It would be prudent to be cautious of large price movements. (Editorial staff)

GBPUSD, 1-hour chart.

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