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The previous forecast worked, and the TRY/JPY currency pair continued to trade in a short-term ascending channel. As apparent on the chart, the exchange rate is supported by the 55-, 100– and 200-hour SMAs near the 19.80 mark. It is expected that the pair surges towards the resistance cluster formed by a combination of the weekly R3 and the monthly R2 in the...
Clear resistance can be seen and higher lows on the weekly timeframe for TRY/JPY. I forecast a bearish breakout to the downside so wait for confirmation. Hit like if you agree.
Turkish Lira and Japanese Yen dropped a lot recently, and I think a reversal could occur - at least for a short time. Keep an eye out for breakout confirmation in the next few days.
The Turkish Lira has been appreciating against the Japanese Krone since the pair reversed from the 2017/2018 low at 15.63. This movement has been bounded in a medium-term ascending channel. As apparent on the chart, the exchange rate is testing the lower trend line at 18.48. Also, the pair is supported by the 100-period (4H) SMA at 18.27. From the theoretical...
I prefer short to long thus had short position again. Needless to say, the trend is still down though raising interest-rate. Be careful for rebounds. entry: 17.658 TP1: 17.430 (22.8p, Fibo 38.2%) TP2: 17.076 (+58.3p, Fibo 50%) SL: 18.000 (-34.2p) Good luck to you and me!
It seems to fall again like before. I think the temporary peak has gone. entry: 18.150 TP: 17.870(Fibo 23.6%, +28p) SL: 18.400(-25p) The ratio is not good, because my entry was too late. Hope good luck to you and me!
The Turkish Lira has been depreciating gradually against the Japanese Yen for a long time. This allowed the pair to reach a new 2013/2018 low at the 15.68 mark. The pair managed to reverse to the upside from this level and test the 55-, 100– and 200-hour SMAs. However, technical indicators for the 1D time-framer are in favour of further decline towards the...
A thousands of pips waiting for you on #Tryjpy Good luck
- TRY/JPY - Short - Inv HVF - Traditional entry taken
TRYJPY is on a 1D Channel Down and due to its multi week consolidation (RSI = 47.127, ADX = 17.384, Highs/Lows = 0000) it is near pricing its Lower High. We are short, TP = 21.564.
The TRY/JPY exchange rate has been consolidating in the 22.6140/24.6060 range since the beginning of June. Its bottom boundary was tested last week. The Lira has since appreciated slightly and moved past the monthly S1. This up-move has allowed the rate to reach a medium-term channel. This pattern has remained intact, reinforced by the 55-, 100– and 200-period...
In a nutshell: TRYJPY refused to move above EMA200 Volume dreases at current price Level Don´t short before the current uptrend line will be broken This is not an advise it is my personal opinion