October 30, 2018 08:22: GBP/JPY and GBP/USD trading strategy [From Tetsu Emori’s newsletter]
From the investment newsletter "Zenbo Tetsu's Real Trading Strategy" by Zenbo Tetsu, provided by GogoJungle, here are a few excerpts from this morning's dispatch. This time, please take a look at the trading strategies for the pound/yen and pound/dollar.
We will maintain a short position on the pound/yen. We will buy back above 143.95 yen. The long-term trend is 149.90 yen. The fair value is around 167.95 yen, and the current level is theoretically undervalued.
We will maintain a short position on the pound/dollar. We will buy back above 1.2825 dollars. The long-term trend is 1.3300 dollars. The fair value is around 1.5285 dollars, and the current level is quite undervalued.
Quoted from "Zenbo Tetsu's Real Trading Strategy" (Zenbo Tetsu).
European politics have been uncertain, causing European currencies to move in unstable ways. It seems like a difficult trading environment will continue for a while. (Editorial staff)
Pound/yen, 1-hour chart.
