Very aggressive trade. support unlikely to hold, but if breaks out has chance to make new daily high.
... no comments...
Its another one for the watch list, Although early days this week the Bulls have taken control price behaviour around the 33.000 area should give clues as to where this pair are heading..
TRYJPY is the best 2017 pairs to buy compared to the rollover.
TRY has lost the most aganst USD and CHF. With EUR and GBP next. TRY has lost the least against JPY due to BOJ easing policy 2012
If risk off then JPY will continue to appreciate, if equities risk on then JPY will depreciate
Yen will absolute shoot this YEN Crosses downwards with risk off equities
Rollover positive Target 32/34 (see chart) Turkey macro is going better. Just be careful on April (some government changes possible)
It looks like it has reversed from the strong support we have as per chart and RSI indicates oversold. Stop loss below 29 seems a safer option and uptrend will be quite strong. It can go up as high as 32 for now. Good luck and stay safe!
needs to drop a tad to B before the rally up to C...
Pays an excellent overnight premium. Perfect hedge for JPY pairs?