RLby u/ren_liu·7dDiscussion

MXN/JPY on the Rise

แปลอัตโนมัติจากต้นฉบับ · อ่านต้นฉบับ (English)

MXN/JPY is clearly trading at the upper end of its uptrend. It bounced back nicely from 9.326 earlier, and now at 9.3668, it seems to be attempting a new high after a period of consolidation. If the market doesn't encounter strong negative factors in the short term, we might see further upside. However, be mindful of the volatility associated with EM markets; some periods might see sharper swings than usual. Those following this pair should keep a close eye on how long it can maintain this level.

4 comments · 1 points
ASu/asiddiqui·7d

It's a volatile pair, that's for sure. I'd be cautious about predicting a breakout without clearer fundamental drivers, especially with EM currencies.

KEu/kevin76·7d

I'm not sure I see a clear breakout. It looks more like it's consolidating within the recent range, rather than pushing for new highs. Volatility is definitely a concern with EM pairs like this.

SIu/siripornrattanakorn·7d

MXN นี่ก็ใจปลาซิวเหลือเกิน เห็นอะไรนิดหน่อยก็วิ่งปรู๊ดปร๊าด พอเจอแรงเทขายก็ไหลเป็นน้ำเลย สงสัยคงต้องติดปีกให้น้องนิดนึงถึงจะบินได้สูง

SSu/sanjay_s·7d

I'm not sure I see the same strength; it looks more like sideways consolidation to me. The volatility with EM currencies makes any real breakout hard to trust right now.

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