LiteForex - Analytics

    LiteForex

    805.00 7.50/10
    78% of positive reviews
    Real

    GBP/TRY: Fibonacci analysis on 11.02.2016

    A significant fall may be starting.

    On the 4-hour chart, the pair is testing the level of 4.2550 (23.6% correction), a breakout of which could lead to a growth to the levels of 4.2875 (38.2% correction) and 4.3135 (50% correction). On the other hand, a breakdown of the 50% fan line would allow the pair to fall to its January lows near the level of 4.2025, a breakdown of which would permit an even more significant decline. 


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree