October 19, 2018 08:19: European yen trade strategy [From Tetsu Emori’s newsletter]
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From the real trading strategy "Tetsuya Emori’s Real Trading Strategy" by Emori Tetsuya, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please take a look at the trading strategy for the EUR/JPY, which has fallen into the upper 128 yen range.
EUR/JPY is a new short. It has fallen quite a bit. There is still room to fall. The fair value is 126.80 yen. The long-term trend is 128.40 yen, so it is almost at the same level as the long-term uptrend.
Quoted from “Tetsuya Emori’s Real Trading Strategy” (Tetsuya Emori).
Amid global stock declines, the yen, considered a safe asset, is strengthening. The overall FX market is likely to face a difficult development for a while. (Editorial Department)
EUR/JPY, 1-hour chart.
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