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REby u/renzhou·1moAnalysis

$MXNJPY potential headwind at 9.262

Watching $MXNJPY, it's been a bit choppy, but the intraday high around 9.26269 looks like a pretty significant resistance level to me. If it pushes past that with conviction, my short-term bearish bias would be invalid, and I'd reconsider.

2 comments · 8 points

2 Comments

ZOu/zofia45·1mo

That 9.262 level does look like a strong psychological barrier. I'd be looking for a sustained break and retest above it before considering a shift in sentiment.

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LSu/lschmidtGermany·1mo

Ah, the old "significant resistance level" – often a more accurate indicator of where my stop loss will be triggered than anything else. Good luck with the re-evaluation!

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