September 27, 2018 08:04:00: AUD/JPY and AUD/USD trading strategy [from Mr. Tetsu 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 issue. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
We will short AUD/JPY as a new position. We will check whether it can hold at 81.40. There is room for further decline. The fair value is around 83.70, and unless this is exceeded, the upward movement will continue to be difficult.
We will maintain the short on AUD/USD. We will maintain it until it exceeds 0.7260. There is room for further decline. We will check whether it can hold at 0.7205. The long-term trend is at 0.7700, a fairly high level. The fair value is 0.7650, and it is currently undervalued.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori) quoted.
At the U.S. Federal Reserve's Federal Open Market Committee (FOMC), the rate hike was announced as expected. Although prices moved temporarily, the impact was limited as expectations had already been priced in. (Editorial department)
AUD/JPY, 1-hour chart.
