December 05, 2018 08:30 AM: GBP/JPY and GBP/USD trading strategies [from Mr. Satoshi Emori’s newsletter]
From the investment email newsletter "Joumo Tetsu's Real Trading Strategy" by Joumo Tetsu, 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 Pound/Japan Yen and Pound/Dollar.
We will remain short on GBP/JPY. 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 remain short on GBP/USD. The fair value is around 1.5020 dollars, and the current level is fairly undervalued. The long-term trend is 1.3300 dollars.
“Joumo Tetsu's Real Trading Strategy” (Tetsu Joumo)quotations from this.
GBP/JPY fell due to yen buying and dropped to the upper 142s, but it rebounded to roughly the same level as the low reached on October 26. This support line seems to be functioning for the time being. (Editorial staff)
GBP/JPY, daily chart.