GBP/TRY: Fibonacci analysis

Forex analytics: An upward correction can continue.On the 4-hour chart, the price is testing the level of 4.4083 (38.2% Fibonacci correction), a breakout of which would allow the pair to grow to 4.4314 (50% correction) and 4.4550 (61.8% correction). The key level for Bears seems to be at 4.3923, a breakdown of which could send the price along the 38.2% arc towards the levels of 4.3560 and 4.3340. On the daily ...