| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
The Turkish Lira is trading against the Japanese Yen in a medium-term ascending channel that started to form more than three weeks ago.
In the meantime, it is simultaneously moving in a long-term dominant rising wedge. A week ago it has made a second reaction high. So, from a larger perspective the rate is expected to slowly slip to the bottom.
But, in order to successfully do that, the pair will have to pass through a combined support formed by the monthly PP at 31.52, the 200-hour SMA and the lower trend-line of this one month long ascending channel.
So, bearish domination looks reasonable both from short and long term perspective. The only question remains, whether the pair will make another rebound and stay in the channel for some time, or it will fall straight to the wedge.