USDTRY Prediction

Turkey has some rough time because of the corruption claims over government. The president Recep Tayyip Erdogan hasn't mentioned the claims yet. He explains this situation as a conspiracy which is constructed by foreign countries to damage Turkey. I don't want to write detailly because it is a deep political problem. 

Below the the daily chart you can see GBPTRY, USDTRY and EURTRY:

There was a dramatic move to upward and it seems this pattern will continue in near term I think. Because political tension won't stop easily. There is a serious crisis. Therefore, I will open a long position which the target will be 2,20. In previous post, I mentioned about 2.15, 2.20 levels. The price reached the first level and the second level will be seen in near term I guess. 

Some related news:

Euro Rallies on Optimism Region’s Economic Growth Will Improve

Erdogan Says Graft Probe Aims to Derail His Government

Erdogan Crisis Slams Lira, Stocks as Foreigners Dump Turkey Debt