I'm looking at $MXNJPY, currently at 9.254, and wondering about its chances of clearing the 9.30 level by next week. Given the recent upward momentum and the daily range pushing higher, I'd put the odds around 60% for a brief touch or close above 9.30 if broader risk sentiment holds up.
60% chance, eh? I like those odds, especially if "broader risk sentiment" is code for "the market isn't actively trying to set my money on fire this week."
That's an interesting call. What makes you lean towards 60%? Are there any specific indicators you're watching besides the general upward momentum?
It's interesting you bring up $MXNJPY. I'm also watching that 9.30 level closely. Are you seeing any specific technical indicators that reinforce your 60% probability, or is that more based on the broader momentum you mentioned?