Due to Turkish Armed Forces trespassed the Syrian border without parliamentary approval, USDTRY has increased.
By the way, there are some rumours that presidency election is planning to be held in June 2016
In case, it gets covered by the strong red trend's bottom line as a short-term support, it may try the all-time top level (3,06) again.I believe that many people bought USDTRY in a range of 2,96-3,03 and 3,06 would be a nice sell point to get some profit. It makes all-time top is a strong wall to achieve.
It's highly possible that the red trend's middle line will be achieved even impatient small investors sell pressure through yellow trend.
In case yellow trend's bottom line falls, we need to stop our losses.
2,97 Yellow trend's middle line
2,94 Yellow trend's bottom line (-> below stop loss)
3,00 Yellow trend top line
3,06 - all time top - red trend's middle line