December 21, 2018 08:19: Pound-Yen and Pound-Dollar Trading Strategy [From Mr. Satoshi Emori's newsletter]
From the investment newsletter "Tetsu Emori's Real Trading Strategy" by Emori Tetsu, provided by GogoJungle, here is a small excerpt from this morning’s dispatch. This time, please take a look at the trading strategies for the pound/yen and pound/dollar.
We will maintain a short position on GBP/JPY. The fair value is 170.00 JPY (as of the end of October 2018). The long-term trend is 149.40 JPY.
For GBP/USD, we will unwind the long position to a short position. If it surpasses 1.2685 USD, it will be easier to go long. The fair value is 1.4974 USD (as of the end of October 2018). The long-term trend is 1.3200 USD.
From “Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
As a safe-haven asset, buying yen has intensified, and GBP/JPY is falling. We’re watching to see where the drop stops. (Editorial staff)
GBP/JPY, hourly chart.