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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDTRY 28.12.2021

Technical Analysis
Tuesday, December 28, 2021 - 11:01
Point Trader Group
USDTRY 28.12.2021

Overview:

The pair is trading sideways

Expected scenario:

The above chart shows that the pair is trading below a strong resistance level around 12, which enhances the chances of a drop to 10.50

Alternative scenario:

On the other hand, we see that if the 12 level is broken upwards, it may push this pair to rise to 13.40

 

Resistance levels

12.00

12.50

13.00

 

Support levels

11.00

10.50

10.30

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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