December 28, 2018 08:31: Pound/Yen and Pound/Dollar trading strategy [From Tetsu Emori’s newsletter]
From the investment newsletter "Tetsu Emori's Real Trading Strategy" by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's distribution. This time, please review the trading strategies for the pound/yen and pound/dollar.
We will skip the pound/yen. The fair value is 170.00 yen (as of the end of October 2018). The long-term trend is 149.40 yen.
We will maintain a short position on the pound/dollar. The fair value is 1.4974 dollars (as of the end of October 2018). The long-term trend is 1.3200 dollars.
“Tetsu Emori's Real Trading Strategy” (Tetsu Emori)quoted.
The pound/yen fell to the 139 yen range yesterday, but has since recovered and is trading in the low 140 yen range. It seems that the risk-averse yen-buying will continue for a while. (Editorial staff)
Pound/yen, 1-hour chart.