October 31, 2018, 08:28: AUD/JPY and AUD/USD trading strategy [From Mr. Tetsu Emi's newsletter]
From the investment e-newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small portion from this morning's distribution. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY will close the short position and take a new long position. The fair value is around 81.65 yen. The long-term trend is 84.55 yen, and it remains in a downtrend.
AUD/USD will take a new long position. The fair value is 0.7170 dollars, currently a bit undervalued. The long-term trend is 0.7680 dollars, which is quite high.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)引用。
Yesterday, AUD buying was dominant, and AUD/JPY rose from the lower 79 yen range to the lower 80 yen range. We will be watching whether the AUD buying will continue solidly from here. (Editors)
AUD/JPY, 1-hour chart.
