peterbokma

USDTRY-SELL strategy LT

Short
FX:USDTRY   U.S. Dollar / Turkish Lira
No change in view.

The monthly chart shows we are very overbought, and this has not as yet corrected.
The weekly chart, and daily chart are neutral to small upside bias. The chances are we may see a bit higher, and this should be seen as a SELL strategic opportunity. The expected upside is 15.50-16.50 before we may correct towards 10.50-9.00.


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