USDTRY – bulls show signs of fatigue but daily cloud top contains for now

The pair trades in a steep uptrend for almost three weeks and hit high at 3.5954 (the highest since 12 July) in extension of Wednesday’s strong rally which broke above thickening daily cloud (spanned between 3.5209 and 3.5604).
Rally also dented the top of weekly cloud (3.5926) but stalled just ahead another pivotal barrier at 3.5996 (Fibo 38.2% of 3.9414/3.3883, Jan-Sep descend).
Bulls show initial signs of stall, as overbought slow stochastic on daily chart is reversing and daily RSI turning south after hitting overbought zone boundary.
Broken daily cloud top has so far contained dip, but room for deeper pullback exists. Break below cloud top would expose next supports at 3.5524 (Fibo 38.2% of 3.4828/3.5954 upleg) and 3.5350 (Wednesday’s low), with extended dips not to exceed daily cloud base, to keep bulls in play for fresh upside attempts.
Early rejection and close above cloud top would signal mild correction and keep immediate focus shifted higher, as bulls eye former highs at 3.6413 (18 May) and 3.6467 (07 July) for test.

Res: 3.5854; 3.5954; 3.5996; 3.6270
Sup: 3.5604; 3.5524; 3.5350; 3.5258