February 01, 2019 08:32: Euro/Yen and Euro/Dollar Strategy [From Mr. Satoshi Emori's newsletter]
From the real-time trading strategies newsletter "Tetsuya Emori's Real Trading Strategy" by Tetsuya Emori, provided by GogoJungle, here is a small excerpt from this morning's delivery. This time, please review the trading strategies for EUR/JPY and EUR/USD.
EUR/JPY will unwind its long position. The long-term trend is 128.45 yen. The 2019 bear-case range is 113.03–127.23 yen, with year-end at 114.75 yen. The January bear-case range is 121.31–127.23 yen.
EUR/USD will maintain its long position. The long-term trend is 1.1620 dollars. The 2019 bear-case range is 1.0457–1.1657 dollars, with year-end at 1.0711 dollars. The January bear-case range is 1.1049–1.1657 dollars.
“Tetsuya Emori's Real Trading Strategy” (Tetsuya Emori)quote.
Media reports suggested that Germany's economic slowdown would be more prolonged and severe than previously expected, creating a new risk factor for Europe. EUR/JPY is around the 124 yen level as of 11:00, and it remains to be seen whether safe-haven yen buying will advance. (Editorial staff)
