The TRYJPY Continues to Weaken

FX:TRYJPY   Turkish Lira/Japanese Yen
Last post: May 16th. See chart.

Review: A continuation of the bear trend was likely with the confirmation of the bear flag .

Update: Price has indeed weakened further with another bear flag a possibility by the end of play today.

Conclusion: Another bear flag will mean further shorting opportunities as price continues to weaken.

Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!

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