December 11, 2018 08:34: Pound-Yen and Pound-Dollar Trading Strategy [From Mr. Satoshi Emori's email newsletter]
From the investment newsletter "Tetsuya Emori's Real Trading Strategy" by Tetsuya Emori, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please take a look at the trading strategies for the pound-yen and pound-dollar.
We will maintain a short position on the pound-yen. Fair value is 170.00 JPY (as of the end of October 2018). The long-term trend is 149.40 JPY.
The pound-dollar is again short. Fair value is 1.4974 USD (as of the end of October 2018). The long-term trend is 1.3200 USD.
“Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori)quotation.
The pound has fallen sharply against major currencies. The pound-dollar briefly hit its lowest level in 1 year and 8 months. It seems to be movement in response to the postponement announcement of the Brexit vote by the UK House of Commons. (Editorial staff)
Pound-dollar, 1-hour chart.