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GBP/TRY: technical analysis on 13.11.2015

On the daily chart, the pair is falling along the lower Bollinger band and remains just above the EMA130 directed horizontally but below its EMA65 and EMA13 that are heading down. A fall in the pair stopped at 38.2% Fibonacci retracement and the price has been consolidating above it since the last week. The RSI keeps trying to break out its resistance that now coincides with the longer MA. The Composite, however, find the support on its longer MA. 


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