MXNJPY - (massive) SHORT!

31 thg 7, 2023

The BoJ, if anything, made it's "guidance" even murkier (as if that were anyway possible) with it's most recent policy announcements. E.g., let's just say that the Yen, currently residing just below the miner-frog's hind quarters, has a better chance to start working it's way higher than otherwise. Simultaneously, the Mexican Peso, having just completed a couple of moon-shots (versus the ZAR and the USD, among others) is well positioned for a pause for the cause to catch it's breath.
This pair, being one of the premier carry-trades, is also a prime Short candidate to coincide with the much anticipated global equities weakness.

Waiting on a Daily Reversal or to see whether this pair finds in itself to make a final push for the Stop Hunt at 8.72. (Don't bet on it!)
Look for a Short Entry, anywhere here, with a short target around 6.50 ( ~25%).
(... the completed cypher is on the Monthly(!), i.e., it is very powerful!)

Here is the 480 min.;