Bears are expected to take a breather before final break of pivotal 5.6850 support

The pair bounces above 5.70 barrier on Friday after bears found footstep at 5.6850 (low of 5.9378/5.6850 bear-leg, posted on 4 Nov).
Double-Doji (Wed/Thu) signaled strong indecision and extended consolidation before bears resume.
This week’s break below daily cloud and extension through 200DMA support (5.7169) were strong bearish signals, as the price dips below 200DMA since mid-Aug.
Rising bearish momentum on daily chart adds to negative outlook, but stochastic is about to reverse from oversold zone and warns of further headwinds for bears.
The recent data from Turkey are overall positive and expected to further boost lira, with consolidative action expected to precede.
Broken 200DMA should ideally cap and guard next pivotal barrier at 5.7418 (daily cloud base) to keep bears in play.
Weekly close below 200DMA is expected to maintain bearish pressure for renewed attack at 5.6850 pivot, break of which would signal bearish continuation and expose next key support at 5.6370 (30 Sep / 1 Oct lows).

Res: 5.7112; 5.7170; 5.7301; 5.7418
Sup: 5.7000; 5.6935; 5.6850; 5.6696