USDTRY-SELL strategyNo change in view.
The pair has not had much movement for almost one week now, and it seems each time it remains at a particular level, which shows there are forces at bay keeping it controlled.
The over all view is still SELL @ 15.50-16.50 to add to shorts or creating a new short position. It is expected that medium- to long-term we are seeing 10.50 - 9.00 corrective action. This is based on the monthly chart showing extreme overbought conditions.