USD TRY shouldn't close today above 7.1 for a lot of technical reasons I cannot possibly mention here.
Let me just say that there should be a ton of resistance there.
Right now it is surprisingly holding very close to the top.
If it doesn't close and spends a few days in this area the possibility's become increasingly bullish.
In the event that it closes above 7.1 at any point within next week it's mid term target becomes 9.2 and there will be very little resistance to get there.
In the event that it closes today above 7.1 the price will rally like a rocket and 9.2 will be reached in a much shorter timeframe.
This is very sad for all Turkish people. And what's even worse is that no one there has a clue about this.
Let me just say that there should be a ton of resistance there.
Right now it is surprisingly holding very close to the top.
If it doesn't close and spends a few days in this area the possibility's become increasingly bullish.
In the event that it closes above 7.1 at any point within next week it's mid term target becomes 9.2 and there will be very little resistance to get there.
In the event that it closes today above 7.1 the price will rally like a rocket and 9.2 will be reached in a much shorter timeframe.
This is very sad for all Turkish people. And what's even worse is that no one there has a clue about this.
Comment:
I meant 7.71 not 7.1