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    GBP/TRY: technical analysis on 23.02.2016

    On the daily chart, the pair broke down the 61.8% Fibonacci fan line and is currently trading below the lower MA of Bollinger Bands. The price remains below its moving averages that turned down. The RSI is testing its strong support level on the border of the oversold zone. The Composite is falling towards its end of January support. 

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