September 18, 2018 08:27: Pounds/yen trade strategy [From Mr. Teru Emori's newsletter]
0
From the investment newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small portion from this morning's distribution. This time, please take a look at the trading strategy for the pound/yen in an upward trend.
We will maintain a long position on the pound/yen. If we can hold at 146.50 yen, the uptrend will be maintained. However, it has become overbought. We will close the position if it breaks below 146.70 yen. The long-term trend is positioned at 150.30 yen. The fair value is around 166.10 yen, and the current level is theoretically still undervalued.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quotations.
The pound remains in buying mode, and the pound/yen has surged into the 147 yen area. The Brexit situation in the UK is expected to remain unsettled for some time. (Editorial staff)
Pound/yen, 1-hour chart.
× ![]()
