peterbokma

USDTRY- RANGING SHORT-TERM

FX:USDTRY   U.S. Dollar / Turkish Lira
Before the major move down to 10.03, I suspect we will range between 11.75 - 12.75 short-term.
The daily chart stochastic is turning positive, and likely we will retrace upwards towards 12.75, and maybe attempting the high again.

My overall viewpoint is medium-term lower 10.03 - 9.50.

I prefer to sell in a rally and not to venture long. Strategy is SELL or add 12.50-13.00.


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