The USDTRY Facing Key Resistance

FX:USDTRY   U.S. Dollar / Turkish Lira
Last post: May 22nd. See chart.

Review: The bull trend continued towards 5.0000 resistance before an intraday reversal on Wednesday this week.

Update: The bulls recovered the following day and continue to dominate the market.

Conclusion: The extended wick from Wednesday's bar and 5.0000 resistance further ahead means patience until these levels become support.

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

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