Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).
2019-11-11 • Updated
BUY 5.3750; TP 5.41; SL 5.3580
SELL 5.3040; TP 5.2345; SL 5.33
USD/TRY has moved sharply down this week falling to the support line since the end of November. Consolidation is now taking place between the 100- and 200-day MA on H4. On D1, the pair’s around 50-day MA at 5.3280. It’s possible to set pending orders counting on a decent move of the price after it leaves the current range.
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