| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Buy | Sell |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇒ |
Since the beginning of November, the TRY/JPY currency pair has been trading upwards.
It is likely that the exchange rate could trade upwards in the medium term as it could gain support from the 100– and 200-period moving averages in the 13.00 area. In this case the rate could face the resistance level—the Fibo 23.60% at 14.40.
If the predetermined resistance level holds, the currency pair could reverse south. Otherwise, the pair could target the psychological level at 15.00.