Watching $USDTRY at these highs
Seeing $USDTRY push through 47.00 today and touching 47.0441. It's an interesting spot. The recent upward momentum has been fairly consistent, but we're now at levels where the market might start to consider if this pace is sustainable without a deeper pullback. I'm not looking for a short setup just yet, but if we fail to hold above 47.00 consistently over the next few sessions, especially on a retest, it could signal a temporary exhaustion of buyers and a potential for a move back towards the 46.50 area. The risk, of course, is if central bank action or renewed inflationary pressures provide another catalyst, pushing us past 47.15 and confirming the strength. Just observing for now.
Agree, the momentum has been strong. I'm also watching how it handles 47.00. A consistent failure to hold could signal a deeper pullback.