SAXO:MXNJPY   Mexican Peso/Japanese Yen
i just want your view?


At current pace, 6.00 on June 1st, 2020 ...
Possible daily Kijun resistance at 5.706. Prices under daily Tenkan at 5.691 -> technically slightly bearish in daily. Weekly Neutral, possible resistance around 5.75.
Japanese current trade balance expected to improve, so are current accounts favouring JPY strengthening.
In my opinion and on the other hand it could easily extend it current upward move to the upper BB. I'd then take half profit around 5.95.
So if not rapidly heading to upper BB at around 5.98 ... I'd say ... Neutral with slight bearish bias with tight stop loss.

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