November 29, 2018 08:43: Pounds-Yen and Pound-Dollar Trading Strategy [From Mr. Tetsu Emori's newsletter]
From the real-time trading newsletter “Tetsu Emori's Real Trading Strategy” by GogoJungle, here is a small excerpt from this morning’s delivery. This time, please take a look at the trading strategies for the Pound/Yen and Pound/Dollar.
We will maintain a long position on the Pound/Yen. If it falls below 145.30 yen, we will close it. The fair value is around 171.00 yen, and the current level is theoretically quite undervalued. The long-term trend is 149.90 yen.
For the Pound/Dollar, we will unwind the short and take a new long position. 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.
Today, the minutes of the Federal Open Market Committee (FOMC) meeting are scheduled to be released. Also, tomorrow, November 30 to December 1, the G20 Leaders’ Summit is expected to be held, aligned with a U.S.-China summit. Both events have the potential to move the currency markets, so they are events to watch closely. (Editorial staff)
