| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The Turkish Lira maintained its depreciation against the Japanese Yen. The TRY/JPY exchange rate has already tumbled below 15.50.
Given that the currency pair is pressured by the 100– and 200-hour moving averages, located in the 15.30/15.85, it is likely that bears could continue to prevail in the market.
However, note that the exchange rate would have to surpass the monthly S1 and S2, located at 14.91 and 14.47 respectively. If the given support holds, it is likely that a reversal north could occur, and the rate could raise to the 16.50 mark.