Remarkable Recommendation in JPMorgan's Foreign Exchange Strategy Report!

Remarkable Recommendation in JPMorgan's Foreign Exchange Strategy Report!

JPMorgan has published its global currency strategy report. The advice highlighted in JPMorgan's foreign currency strategy report encouraged them to sell dollars and buy TL. JPMorgan shared its global currency strategy report. In the technical analysis included in the report, the recommendation was "sell dollars and buy TL". In the published report, it was stated that "there has been a clear upward loss of momentum in the last two weeks." The report pointed out that there is a serious risk of a pullback in the currency and that 7.1890, the critical first Fibonacci support for this pullback, should be broken, explaining that such a breakout could bring about a larger pullback. In JPMorgan's strategy note, "We sold 1 unit from 7.3975 with a target of 6.7800 and 5.5000, with a 'stop loss' level of 7.6500." statements were included.

Dollar / TL Accelerated the Decline

The dollar / TL exchange rate, which traded between 7.4068 and 7.3714 on Tuesday and closed the day at 7.3901, reached a record peak at 7.4169 for a short time in the morning, but then declined to 7.3975 levels. Following this volatility, the exchange rate, which turned its direction down, accelerated its decline. USD / TL is trading at 7.3485 levels, 0.7 percent below at 11:45 hours.