usdtry price technical analysis update

Usd try Technical update for  18.06.2015 : 

 we can see the pattern in the chart it show us that there triangle for upside move to 2.89  area or    Downside to 2.57 area ,break down 2.71 area will accelerate  the downside momentum 
USD/TRY has recently touched a strong resistance level, the overall outlook remain bullish,  and the downside should be limited by the potential lower boundary of the bullish channel    at 2.65 reinforced by the monthly PP, However, if 2.62 fails to withstand the sellin pressure, the focus will shift to 2.57-8 area  From the fundamental side : if a coalition cannot be formed within the next six weeks, fresh elections can be called unless a minority                   government is formed. There is a very real concern that no coalition will be formed in time     and new elections will be required                                                                                            

Also we need to watch on                                                                            :

Tuesday June 23 2015
TCMB Interest Rate Decision  

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

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