November 12, 2018 08:35: Pound/Yen and Pound/Dollar Trading Strategy [From Mr. Tetsu Emori's newsletter]
From the investment newsletter “Tetsu Emori's Real Trading Strategy” by Tetsu Emori provided by GogoJungle, here is just a small portion from this morning's distribution. This time, please take a look at the trading strategies for GBP/JPY and GBP/USD.
GBP/JPY will be left alone for now. I will consider short positions if it falls below 146.50. The fair value is around 171.00, and at the current level, it is theoretically quite undervalued. The long-term trend is around 149.90.
GBP/USD: unwind long positions and establish new short positions. The fair value is around 1.5020, and the current level is quite undervalued. The long-term trend is around 1.3300.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori).
Following the resignation of Joe Johnson, who served as Deputy Minister of Transport in the UK, the pound declined. This week may present a buying opportunity on pullbacks. (Editorial staff)
