USDTRY with potential Re-Distribution trading range.

Better informed/smart money may be off loading/closing their long positions and potentially re-positioning themselves in the opposite direction. I will be watching the boundaries of the current trading range from here on. Anticipation is to potentially see further short term weakness/correction.

I would expect to see it test it's 200 day simple moving average over the days weeks ahead. By force ( sharp pullback) or in time ( further congestion).

This analysis is for educational purposes only. It is NOT an INVESTMENT ADVICE.