MXNJPY: Retest of 9.30 by month-end?
asked by u/sami_sultan · 23d · 0 answers
Watching $MXNJPY closely. Current range is fairly tight, but the overall bullish momentum seems to have stalled a bit at these levels. I'd put the odds of a retest of 9.30 by month-end at around 60%, assuming no major shocks out of Mexico or Japan. The resistance there seems quite firm; a break would be significant, but for now, it's more of a target. Could see a slight pullback before another attempt.