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    GBP/TRY: technical analysis on 17.02.2016

    On the daily chart, the pair is falling towards the lower MA of Bollinger Bands that coincides with the 61.8% Fibonacci fan line and 61.8% retracement. The price remains below its moving averages that start turning down. The RSI is falling as it failed its end of January resistance. The Composite turned down while it keeps testing its longer MA. 

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