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GBP/TRY: technical analysis on 18.01.2016

On the daily chart, the pair is trading just underneath the middle MA of Bollinger Bands and below its moving averages that are directed horizontally. The pair declined below the 50% Fibonacci fan line but the upward trend has not been broken yet. The RSI is falling towards its end if December support. The Composite is about to test its end of December support as well.

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