USD/TRY on a corrective phase, targets 4.4500

USD/TRY on a corrective phase, targets 4.4500

USD/TRY managed to make a pullback from the resistance level of 4.3689 and it seems we can expect further declines, as the pair is consolidating the price action below the 50 SMA at H1 chart. According to our projections, the USD/TRY pair scopes to reach the demand area at 50%, which coincides with the 200 SMA. Around 3.1963, we can expect further strengthening to reach the -23.6% Fibo zone at .4.4503.

RSI indicator remains in the negative territory, favoring to a lower extension.



GBP/JPY: 'Flag' pattern

There's a confirmed 'Double Top' pattern, which pushed the market lower. Also, it seems like we're going to have...

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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