• USD/MXN climbed on Monday as gains were driven by blowout U.S. jobs report underscored the strength of the US economy.
• Friday's data showed unexpected acceleration in U.S. job growth for December, with the unemployment rate dropping to 4.1%.
• Markets were now no longer fully pricing in even one rate cut from the Fed in 2025, down from roughly two quarter-point cuts priced at the start of the year.
• At GMT 15:42, the pair was trading up 0.40% at 20.788.
• Immediate resistance is located at 20.860 (23.6%fib), any close above will push the pair towards 20.977(Higher BB).
• Support is seen at 20.700(Daily low) and break below could take the pair towards 20.584(38.2%fib).
Recommendation: Good to buy around 20.750, with stop loss of 20.200 and target price of 21.000


FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
JPY Major Currency Score
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails 



