Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: USD/TRY stopped its bullish advance at 1.8750. The pair is currently below the kumo (30M and 1H charts). This means it is possible to see a pull back towards 1.8465. This position is against the current trend so enter with a trailing stop of 40 pips.
Target Area: 1.8490 and 1.8470
For an update as of 1:00 PM GMT click here