USD/TRY to see another leg of uptrend on a break above 18.36 – SocGen

USD/TRY is near the peak formed last year at 18.36. A break above here would see the pair staging another leg higher, economists at Société Générale report. 

Support aligns at 17.80/60

“Once 18.36 is overcome, next leg of uptrend is expected to materialize towards projections of 19.30/19.70.”

“The 50-DMA at 17.80/17.60 is short-term support.”