December 07, 2018, 08:31: AUD/JPY and AUD/USD trading strategy [From Tetsu Emori's newsletter]
From the investment newsletter "Tetsuya Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small portion from this morning's distribution. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY will maintain a short position. However, if it stays around 81.30 yen, it seems likely to rebound. The fair value is around 81.65 yen. The long-term trend is at 84.55 yen, and it is still in a downward trend.
AUD/USD will maintain a short position. However, if it stays around 0.7190, it seems likely to rebound. The fair value is 0.7170, and it is currently slightly undervalued. The long-term trend is 0.7680, which is quite high.
From “Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori)quoted.
Following the arrest of Huawei's CFO, concerns about the Chinese economy have risen, and the AUD has declined. A renewed move to test lower levels is expected. (Editorial desk)
AUD/JPY, 1-hour chart.