RAPID UPDATE USD/JPY SL @: 111.294 EUR/NOK TP @: 9.8360 | Focal Community Group (FXSignals)

RAPID UPDATE
USD/JPY
SL @: 111.294

EUR/NOK
TP @: 9.83600 (opt.)
SL @: 9.91600

CAD/JPY
TP @: 88.990 (opt.)
SL @: 88.569

Our forex profits also continue. Today we made the perfect CAD trade and positioned us against the short-term trend when technical traders in particular wanted to trade the correction and the pair being apparently overbought (these indicators are useless when the FX markets are driven by fundamentals - which is almost always the case). Instead, the CAD/JPY has surged. The rise is so violent that a short-term correction is possible. Many of you have also made the euro trade (against the also very strong NOK) - I also see downside potential in the EUR/NOK - even as the pair already sees levels that were last "reached" in January 2020.