4 Global Market Updates- 1 August, 2022

 

In this article, we have covered the highlights of global market news about the USD/TRY, USD/JPY, EUR/GBP and USD/CNH.
USD/TRY Price Analysis: Bulls hit 18.00, ignoring Friday’s Doji, and RSI is overbought.

After a failed effort on Friday, the USD/TRY regains upward momentum as buyers test the 17.95 level early Monday morning in Europe.

As a result, the Turkish lira (TRY) pair disregards the previous day’s Doji, bearish candlestick, and overbought RSI circumstances.

However, an upward rising resistance line from early July, which was at 18.10 at the time of publication, looks to be testing the USD/TRY bulls.

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