January 29, 2019 08:14: Pound/Yen and Pound/Dollar Trading Strategy [From Mr. Satoru Emori's newsletter]
From the real trading strategies newsletter “Tetsu Emori’s Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning's delivery. This time, please take a look at the trading strategies for the pound/yen and pound/dollar.
We remain long on the pound/yen. The long-term trend is 149.40 yen. The 2019 bearish scenario range is 123.01–141.98 yen, year-end 124.29 yen. The January bearish scenario range is 134.71–141.98 yen.
We remain long on the pound/dollar. The long-term trend is 1.3200 dollars. The 2019 bearish scenario range is 1.1660–1.2958 dollars, year-end 1.1865 dollars. The January bearish scenario range is 1.2380–1.2958 dollars.
“Tetsu Emori’s Real Trading Strategy” (Tetsu Emori)quoted.
This week has a flurry of data, which could become a catalyst for the next market moves. Please stay tuned for market trend information. (Editorial Department)
Pound/dollar, 1-hour chart.