Resistance Holds Strong on The TRYJPY
Turkish Lira/Japanese Yen FX:TRYJPY
Last post: May 25th. See chart.
Review: Price was continuing to weaken as the bears remained in control of the market.
Update: Price pulled back to resistance and the bears are now back in control with good weakness towards the end of the week.
Conclusion: A break and close below the draw-in pivot support is still required and ideally in the form of a bear flag .
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