peterbokma

USDTRY-SELL strategy

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

The long-term chart is still very overbought and this suggest overall we should move towards 10.50-9.00. Short-term is is slightly overbought, but I suspect we may see 15.50-16.00 before downwards again.

For now, remain short (very low leverage) and add on any increase towards 15.50-16.50 area.

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