| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The TRY/JPY exchange rate has been trading downwards since last Wednesday. Currently, the rate is testing the support level formed the monthly S2 at 15.03.
If the predetermined level holds, it is likely that a reversal north could occur, and the currency pair could target the psychological level at 15.80.
Meanwhile, note that the exchange rate would have to exceed the monthly S1 at 15.40. If the rate fails to exceed it, it is likely that some consolidation could occur in the market.