GBPTRY Technical Analysis

GBPTRY British Pound Turkish Lira Technical Analysis

Analyze seems that there is an interesting potential and it was.

The Turkish lira, as I analyzed a number of posts  for the last period seems it shows a downward trend and trend of strengthening against the dollar

If we look at the pound-dollar, which is also analyzed several times

And show to me that there is a big potential for a lower price on the GBP USD

GBP try chart

We can see that there is an opportunity here

GBP/TRY made an impressive performed since 2010 

When to start from 2015 it shows the intensification of the trend: a sharp upward movement performed from 3:44 to 4.74

Today, you can see the graph

Technically, capital of the region down 4.25 stresses the technical adjustment of the impressive upward movement

The essence of the analysis shows the breaking down of the 4.02 zone

Gbptry broke down my friends and im expected to see 3.70-3.76 area as long as the pair stay below 3.96

pound dollar vs Turkish lira

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