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HCby u/hidayat_carlo·2hAnalysis

MXNJPY: Odds of a 9.35 move by end-week

Watching $MXNJPY closely here. The current bid at 9.301, having edged up from 9.275 support earlier today, suggests continued upside momentum. Given the range-bound behavior we've seen on the daily chart recently, and the fact that 9.31 held as resistance for a bit today, a push towards 9.35 feels like the next logical test. I'd put the odds of hitting 9.35 by end-week at around 60%, assuming no major risk-off events. A break above 9.31 with conviction would be the confirmation I'd look for. Conversely, a drop back below 9.28 would put the bullish scenario on hold.

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