British Pound/Turkish Lira

SAXO

GBPTRY

Waiting on confirmation for longs

GBPTRY, Daily Chart

GBPTRY, Daily Chart

PLEASE

when will GBP bottom out and recover?

good luck

Just a wild and out-of-nowhere guess.

Over this year expecting a possible strength shift in GBP. The TRY took a massive hit in the last COUP causing a huge spike in the GBPTRY exchange rate. The long term political instability is likely to continue as it's not the first time this has happened. Exchange rate likely to reach levels seens during that time.

with election coming at the end of March i saw the Turkish gaining strength against the GBP. You can comment and share your own idea with me.

we have a td9 coupled with a bad vote in parliament , expect pond to weaken here

BUY GBP/TRY

The pair has been trading on a strong 1W downtrend (Highs/Lows = -0.4121, B/BP = -0.5351) that recently appears to be slowing down. This may be an indication of a support on the 1W level (6.2070 - 6.5610). However a sequence of repetitive Triangle patterns illustrates that at least a -3.54% decline is expected to follow the completion of the most recent Triangle....

good luck

good luck

Turkish lira to weaken against the pound? keeping close here to see if breaks to the upside or not

if the lira manages to evade the falling wedge pattern against the pound & lira strengthens , this will be very bullish for the lira. Current pattern projects the lira weakening against pound , lets see what happens

Up trend on weekly and daily - using the Hoffman strategy I have placed a long order based on the entry price on the chart.

GBPTRY CURRENT , Bullish pattern