GBP TRY British Pound Turkish Lira Technical Analysis
GBP Turkish Lira technical analysis
let’s start with that I do not usually trade or analyze this specific pair
But it seems that there is an interesting potential
The Turkish lira, as I analyzed a number of posts for the last period seems it shows a Downward trend and trend of strengthening against the dollar
If we look at the pound-dollar, which is also analyzed several times
and show to me that there is a big potential for a lower price on the GBP USD
We can see that there is an opportunity here
GBP/TRY made an impressive performed since 2010
when to start from 2015 it shows the intensification of the trend: a sharp upward movement performed from 3:44 To 4.74
Today, you can see the graph
Technically, capital of the region down 4.25 stresses the technical adjustment of the impressive upward movement
The essence of the analysis shows the breaking down of the 4.02 zone
Leading a declines towards 3.70
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| GBP Turkish lira |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice