No change in view.
Daily or weekly chart does not give much direction, and judging other weak currencies, we have witnessed a strength last few days/week. this will add to likely TRY strength as well.
From a medium-term to long-term perspective we should see a move back towards 9.91 FIB , but personal think first 10.50 before lower and we may expect a correction from that level at first. It is not going to be a one way traffic.
The strategy is, BE ALREADY SHORT and ADD @ 15.25-15.75 and again above 16.50-16.75.
Daily or weekly chart does not give much direction, and judging other weak currencies, we have witnessed a strength last few days/week. this will add to likely TRY strength as well.
From a medium-term to long-term perspective we should see a move back towards 9.91 FIB , but personal think first 10.50 before lower and we may expect a correction from that level at first. It is not going to be a one way traffic.
The strategy is, BE ALREADY SHORT and ADD @ 15.25-15.75 and again above 16.50-16.75.