| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
Since the beginning of November, the TRY/JPY currency pair has been trading within a symmetrical triangle pattern.
Given that the exchange rate is supported by the 55-, 100– and 200-period moving averages in the 13.25 area, it is likely that a breakout north could occur, and the rate could try to exceed the Fibo 23.60% at 14.40.
However, if the predetermined support does not hold, a breakout north could occur. In this case the currency pair could re-test the psychological level at 12.00.