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Market Overview
The GBP/TRY pair closed at 58.01384, showing a slight decline of 0.03% from the previous close of 58.02872, yet maintaining an overall uptrend with a 30-day return of 0.37%. The pair has traded within a 30-day range of 57.74547 to 58.04752, supported by the 20-day SMA at 57.9789, 50-day DMA near 58.00, and 200-day DMA around 57.90. The RSI indicates moderate momentum, while key support and resistance levels stand at 57.75 and 58.05 respectively. Upcoming economic data from the UK and Turkey may influence price action. Technical indicators confirm the ongoing upward trend. For information only.
Last Updated 1/22/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.