December 19, 2018 08:23: Australian dollar/yen and Australian dollar/US dollar trading strategy [From Mr. Satoshi Emori's newsletter]
From the investment newsletter "Joumon Tetsu's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's issue. This time, please look at the trading strategies for AUD/JPY and AUD/USD.
We maintain a short position on AUD/JPY. The fair value is 82.82 yen (as of the end of October 2018). The long-term trend is 84.15 yen.
We maintain a short position on AUD/USD. The fair value is 0.7295 dollars (as of the end of October 2018). The long-term trend is 0.7615 dollars, which is quite high.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quote.
With the Federal Open Market Committee (FOMC) decisions upcoming, the market mood appears to be increasingly cautious. Depending on the details, there is a risk of sharp moves, so caution is necessary. (Editorial staff)
AUD/JPY, 1-hour chart.