December 27, 2018 08:29:00: EUR/JPY and EUR/USD trading strategy [From Mr. Tetsu Emori's newsletter]
From the real-time trading newsletter "Real Trading Strategy" by Satoru Emori, provided by GogoJungle, here is a small part from this morning's distribution. This time, please take a look at the trading strategies for EUR/JPY and EUR/USD.
EUR/JPY will unwind its short. Fair value is ¥128.80 (as of the end of Oct 2018). The long-term trend is ¥128.45.
EUR/USD will maintain its short. Fair value is $1.1352 (as of the end of Oct 2018). The long-term trend is $1.1620.
"Real Trading Strategy of Satoru Emori" (Satoru Emori)quoted.
As of 11:00, EUR/USD is trading in the low $1.13s. Pay attention to the recent downturn in stock prices and the impact of currency moves stemming from the U.S.-Japan trade negotiations starting next January. (Editorial staff)
EUR/USD, 1-hour chart.