October 24, 2018 08:34: Australian Dollar / Japanese Yen, Australian Dollar / US Dollar trading strategy [From Teppei Emori's newsletter]
From the real trading strategy newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY will be short as a new position. I will close if it exceeds 79.80 yen. The long-term trend is 84.55 yen, and it is still in a downtrend. The fair value is around 82.10 yen.
AUD/USD will remain short. I will close if it exceeds 0.7100 dollars. The long-term trend is 0.7680 dollars, which is a fairly high level. The fair value is 0.7470 dollars, and it is currently undervalued.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori) quoted.
Yesterday, both AUD/JPY and AUD/USD initially saw selling pressure, but the Australian dollar subsequently moved higher. Please continue to monitor the trends in the Chinese market and the oil market. (Editorial Department)
AUD/JPY, 1-hour chart.
