| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The Turkish Lira has been depreciating against the Japanese Yen since the beginning of April, when the TRY/JPY pair reversed south from the Fibonacci 23.60% retracement at 20.60.
Currently, the currency pair is trading at the 18.60 level. Given, that the pair is pressured by the 55– and 100-hour SMAs, it is likely, that some downside potential could prevail in the market. The exchange rate could slump to the Fibonacci 61.80% retracement at 18.25.
It is unlikely, that bulls could prevail in the market in the nearest future, and the rate could jump higher than the Fibonacci 38.20% retracement at 19.70.