January 31, 2019 08:22: Australian dollar-yen and Australian dollar-US dollar trading strategy [From Mr. Tetsu Emori's newsletter]
From the real trading strategy newsletter “Tetsu Emori’s Real Trading Strategy” by Tetsu Emori, provided by GogoJungle, here is a small excerpt from this morning’s edition. This time, please look at the trading strategies for AUD/JPY and AUD/USD.
AUD/JPY remains long. The long-term trend is 84.15 yen. The 2019 bearish scenario range is 67.63–79.23 yen, with year-end at 69.96 yen. The January bearish scenario range is 75.18–79.23 yen.
AUD/USD remains long. The long-term trend is 0.7615 dollars. The 2019 bearish scenario range is 0.6371–0.7200 dollars, with year-end at 0.6504 dollars. The January bearish scenario range is 0.6867–0.7200 dollars.
From “Tetsu Emori’s Real Trading Strategy” (Tetsu Emori)quote.
The U.S. Federal Reserve Board (FRB) decided to hold the policy rate, suggesting a possible pause on rate hikes due to risks of an economic slowdown. With the U.S. employment report due on February 1, caution is warranted. (Editor)
