September 19, 2018 08:24: AUD/JPY and AUD/USD trading strategy [From Tetsu Emori’s newsletter]
From the investment e-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 take a look at the trading strategies for AUD/JPY and AUD/USD.
We will maintain a long position in AUD/JPY. It surged sharply. If it clears 81.50, it is expected to rise to 82.30. The impact of the US-China trade war is diminishing, increasing the likelihood of a rise. We will close below 80.60. The long-term trend is around 85.00, and until it exceeds this, the movement remains weak. The fair value is around 83.70, and if it does not exceed this, the situation where it is hard to rise continues.
We will maintain a long position in AUD/USD. It has surpassed 0.72. If it surpasses 0.7320, it will move strongly. We will close below 0.7195. The long-term trend is 0.7700, which is quite high. The fair value is 0.7650, so for now it can be considered undervalued.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori) quoted.
President Trump announced the launch of the third set of tariffs due to intellectual property rights infringements by China. This US-China trade dispute does not seem near an end yet. Please continue to watch for trade risks. (Editorial department)
AUD/JPY, hourly chart.
