January 17, 2019 07:46: Pound-yen and pound-dollar trading strategy [From Mr. Satoru Emori's newsletter]
From the investment newsletter “Tetsuya Emori's Real Trading Strategy” by Tetsuya Emori provided by GogoJungle, here is a small excerpt from this morning’s distribution. This time, please take a look at the trading strategies for GBP/JPY and GBP/USD.
GBP/JPY will unwind its short position. The long-term trend is 149.40 yen. The 2019 bearish scenario range is 123.01–141.98 yen, with year-end at 124.29 yen. The January bearish scenario range is 134.71–141.98 yen.
GBP/USD will be left aside. 1.2930 is heavy, with downside risk. The long-term trend is 1.3200 dollars. The 2019 bearish scenario range is 1.1660–1.2958 dollars, with year-end at 1.1865 dollars. The January bearish scenario range is 1.2380–1.2958 dollars.
“Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori)quote.
Prime Minister May’s successful overcoming of a vote of no confidence is viewed as positive, and the pound seems steady, especially against the dollar. (Editorial staff)
