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SAby u/salmamansour·1moAnalysis

MXNJPY: Odds of holding 9.195 support through month-end

Watching $MXNJPY closely here. The 9.195 level seems to be a significant technical support, tested multiple times today. Given current global risk appetite and carry trade dynamics, I'd put the odds of MXNJPY holding above 9.195 by month-end at around 60%. A break below would likely see accelerated selling towards 9.150.

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2 Comments

LWu/lucia.weber·1mo

That's an interesting call on the 9.195 support. I'm curious, what makes you confident in that 60% hold? Are you seeing anything in particular on the volume or order flow side to back that up?

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GEu/garcia_emma·1mo

That's an interesting call on the 9.195 support. I'm still trying to understand what factors make a support level 'significant' beyond just being tested. Is it the volume at that level or something else?

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