THE USDTRY pair has been following a channel since 2013. It broke upwards in 2018 to a new level of the channel. Then it started forming a flag formation. This flag formation was recently broken upwards and retested. Logically the next stop should be the 10-10.5 TRY level and then play out horizontally a while. If however things go from bad to worse we could see a spike to the next level of the channel close to 14.00 TRY. If that is broken too, the next level of the channel could take us close to 20.00.