| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Buy |
| Stochastic (5; 3) | Neutral | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
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 15.72 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 weekly S1 at the 16.25 mark.
It is the unlikely case that some bullish pressure still prevails in the market, the Lira should not exceed the weekly PP at 17.99.