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$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 · 1 points
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!