Tue, 27 May 2014 06:58:04 GMT
USD/TRY 1H Chart: Descending Triangle
A 77-bar long descending triangle pattern shaped by USD/TRY originated at a one-month high of 2.1194. The pattern is relatively short and the pair has almost approached the apex, meaning that the recent jump above the upper trend-line may lead to an accelerating advance. If this comes true, USD/TRY may try to move above several important resistance levels at 2.0880/4