October 01, 2018 07:07: EUR/JPY trade strategy [From Tetsu Emori's newsletter]
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From the investment e-newsletter "Real Trading Strategy" by Tetsuya Emori, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please look at the trading strategy for the euro/yen pair currently around 132 yen.
We will maintain a short position on the euro/yen. There is room to move lower, and the upside is heavy. We anticipate a decline to around 131 yen. The fair value is 126.30 yen, so the current level is slightly overvalued. The long-term trend is 128.40 yen, so the long-term upward trend remains in place.
From “Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori), quoted.
Starting today is October, marking the beginning of a new quarter, so Emori expects investment funds to flow in. A trading strategy capable of handling large price movements seems necessary. (Editorial staff)
Euro/yen, 1-hour chart.
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