| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
The Turkish Lira has been appreciating against the Japanese Yen since the beginning of January when the pair reversed north from the Fibonacci 38.20% retracement at 19.70. This movement has been bounded in the rising wedge pattern.
Currently, the exchange rate is trading near the upper wedge line located circa 21.15. If given pattern does not hold, a breakout north occurs in the nearest future. A possible upside target is the psychological level at 21.50.
If the wedge holds, a short-term decline expected, and the pair targets the lower pattern line located circa 20.90. However, the general direction is expected to remain north within following sessions as the rate continues to trade within given pattern.