November 13, 2018 08:27:00: EUR/JPY and EUR/USD trading strategies [from Mr. Tetsuya Emori's newsletter]
From the investment email 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 the euro/yen and euro/dollar in a downward trend.
We will unwind the long in EUR/JPY and go short. It has fallen apart. The fair value is 128.80 yen. The long-term trend is 128.40 yen.
We will maintain the short in EUR/USD. Since it is making new lows, there is a strong possibility of a fairly sharp decline. However, it is becoming oversold. The fair value has fallen to 1.1315 dollars. The long-term trend is 1.1655 dollars.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori) quoted.
Concerns about Italy’s fiscal problems are causing the euro to fall. Since yesterday, European currencies such as the euro and the pound have been weakening noticeably. We will be watching to see when this trend relaxes. (Editorial staff)
