| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Buy | Sell |
| Alligator (13; 8; 5) | Neutral | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇘ |
The Turkish Lira is trading against the Japanese Yen in a three week long ascending channel. The channel started to form in the result of the Lira's 45-pip depreciation on July 5. By the moment, the channel has two confirmation points from the top and two from the bottom, which means that the trend might be reversed in the nearest future. Nevertheless, a breakout to the southern side is doubtful, as it is firmly protected by a combination of the 55- and 100-period SMAs as well as the weekly PP 31.68. For this reason, the currency pair is expected to make a rebound and surge towards the weekly R1 at 32.02 to reach the upper trend-line for the third time.