December 13, 2018 08:34: Australian dollar yen and Australian dollar U.S. dollar trading strategy [From Tetsu Emori’s newsletter]
GogoJungle presents a small excerpt from Teppei Emori’s investment newsletter "Teppei Emori's Real Trading Strategy," which was distributed this morning. This time, please take a look at the trading strategies for AUD/JPY and AUD/USD.
We will go long on AUD/JPY as a new position. If it breaks above 82.15, it looks set to rise significantly. Fair value is 82.82 yen (as of late October 2018). The long-term trend is 84.15 yen.
We will wait on AUD/USD. Fair value is 0.7295 dollars (as of late October 2018). The long-term trend is 0.7615 dollars, which is a fairly high level.
"Teppei Emori's Real Trading Strategy" (Teppei Emori)quote.
AUD/JPY has been rising a few days, but the moves are not very large. From here, attention is on whether it can close above 82.15 yen. (Editorial department)
AUD/JPY, 1-hour chart.