November 05, 2018 08:09: p0und/yen trade strategy [From Mr. Satoshi Emori’s e-mail newsletter]
0
From the investment newsletter "Real Trading Strategy by Satoshi Emori" 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 Pound/Yen, which rose to around the low 147s.
We will take a new long position on Pound/Yen. Although a bit late, since a trend is in place, we will start by going long and observe. The fair value is around 171.00 JPY, and the current level is theoretically quite undervalued. The long-term trend is 149.90 JPY.
From “Satoshi Emori's Real Trading Strategy” (Satoshi Emori).
In response to the Bank of England signaling a potential rate hike, the pound rose. From here, will there be another rise? It will be important to clearly assess. (Editorial desk)
Pound/Yen, 1-hour chart.
× ![]()
