October 16, 2018 08:13:00:AUD/JPY and AUD/USD trade strategy [From Tetsu Emori's newsletter]
From Tachibana shita: A small excerpt from the investment newsletter "Tetsu Emori's Real Trading Strategy" by Emori Tetsu, provided by GogoJungle, from this morning's delivery. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY will be left on the sidelines. The downside has become firm. We will consider going long when it exceeds 79.70. The long-term trend is at 84.55 and is still in a downtrend. The fair value is around 82.10, and unless this is exceeded, the situation where price rises is unlikely to continue.
We will maintain a long position in AUD/USD. We will close out if it falls below 0.7110. The long-term trend is at 0.7680, which is quite high. The fair value is 0.7470, and it is currently undervalued.
From "Tetsu Emori's Real Trading Strategy" (Tetsu Emori)引用。
U.S. Treasury Secretary Janet Yellen has shown the idea of requesting an FX clause from Japan, but the impact on the FX market has been limited. However, if discussions actually move forward, there is a risk of accelerated yen appreciation, so caution is needed. (Editorial)
AUD/JPY, 1-hour chart.
