November 01, 2018 08:36:00: EUR/JPY and EUR/USD trading strategy [From Tetsuya Emori’s newsletter]
From the investment mail magazine "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 EUR/JPY and EUR/USD.
EUR/JPY is closing out the long position. The fair value is 128.80 yen. The long-term trend is 128.40 yen.
EUR/USD remains short. We will buy back above 1.1350. The fair value has fallen to 1.1315. The long-term trend is 1.1655.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori).
Emori says that the current instability of European currencies such as the euro is leading to yen buying. With the uncertainty of the UK's Brexit and Italian fiscal concerns, European currencies are likely to continue to develop in a challenging direction. (Editorial staff)
