November 22, 2018 08:34: Pound/yen and pound/dollar trading strategy [From Teppei Emori's newsletter]
From the investment e-newsletter “Tetsu Emori's Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s dispatch. This time, please take a look at the trading strategies for GBP/JPY and GBP/USD.
We will maintain a short position on GBP/JPY. We will consider closing the position if it moves above 144.50 yen. The fair value is around 171.00 yen, and the current level is theoretically quite undervalued. The long-term trend is 149.90 yen.
We will maintain a short position on GBP/USD. The fair value is around 1.5020 dollars, and the current level is quite undervalued. The long-term trend is 1.3300 dollars.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
GBP/JPY has shown little volatility in recent days. It can be said that the market environment makes it difficult to take positions. (Editorial staff)
GBP/JPY, 1-hour chart.