Turkish Lira vs. Japanese Yen
Short

The TRYJPY Weakens Further

137
Last post: June 13th. See chart.

Review: Price had bounced off resistance suggesting weakness back in the direction of the bear trend.

Update: Price has continued to weaken but is a distance away from breaking and closing below the pivot support of May.

Conclusion: Applying patience and waiting for price to clear support before placing further short trades.

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