November 20, 2018 08:23: Turkish Lira / Yen trading strategy [From Mr. Satoshi Emori’s email newsletter]
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From the investment newsletter Real Trading Strategy by Satoru Emori, provided by GogoJungle, here is a small portion from this morning's issue. This time, please take a look at the trading strategy for USD/JPY with a heavy upside movement, specifically for the Turkish lira against the yen.
We will maintain a long position in the Turkish lira / yen. It seems to rise significantly above 21.45 yen, but it is becoming heavy. We will close below 21 yen. The long-term trend is 30.67 yen, so it will take quite a while for the longer-term momentum to change.
“Real Trading Strategy of Satoru Emori” (Satoru Emori)Quoted from.
In an uptrend, the Turkish lira/yen is currently trading in the low-21 yen range. Fundamentally, it remains challenging, but it seems certain that it has finally stopped falling and is turning upward. (Editorial staff)
Turkish lira/yen, 1-hour chart.
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