And so it happened, round level triggered a correction. In the last week, there has been a test of level 2.9000. This provoked a rebound, which can bring price to 2.9900. Minimum range for correction has been completed - it was a fibo 38.2%. However, it seems that the bears will not let it go so quickly, and we will see at least another test of 2.9000. If this happens, bulls will play the double bottom pattern.
Wider view, time-frame W1
USD/TRY moves in a strong uptrend, and fast trend line is currently at 2.8000. At this level, there is also support and fibo 61.8%. If the supply acts quite strong, it is possible that the trend line will be tested before the price returns to uptrend.