7645529 7/13/2017 12:26 PM, TRY/JPY intraday: target 31.34


31.82 is our pivot point.


Our preference

: target 31.34.


Alternative scenario

: the upside breakout of 31.82, would call for 32 and 32.11.


Comment

: the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (31.68) but above its 50 MA (31.61).


Supports and resistances

:

32.11 **

32.00 *

31.82 **

31.75

31.66 last

31.44

31.34 **

31.23 *

31.13 **