November 15, 2018 08:38: Australian Dollar/Yen and Australian Dollar/US Dollar trading strategy [from Teppei Emori's newsletter]
From the investment newsletter "Real Trading Strategy" by Satoru 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 AUD/JPY and AUD/USD.
We maintain a short position on AUD/JPY. We will consider closing the position if it rises above 81.0 yen. The fair value is around 81.65 yen. The long-term trend is 84.55 yen, and it is still in a downtrend.
We maintain a short position on AUD/USD. We will consider closing the position if it rises above 0.7220 dollars. The fair value is 0.7170 dollars, and it is currently somewhat undervalued. The long-term trend is 0.7680 dollars, which is quite high.
From “Satoru Emori's Real Trading Strategy” (Satoru Emori).
As today's Australian employment statistics came out better than expected, the Australian dollar is being bought. It will be interesting to see how high it goes. (Editorial staff)
