The key signal is the order book: a clear sell wall is concentrated at 133.6 TRY and 134.2 TRY while today’s traded volume stays relatively light, meaning supply appears quickly whenever price tries to lift. Intraday action confirms this, as the morning move into 133.7–134.0 gave way to a broader afternoon fade and a finish near the lower end of the range. Compared with yesterday, today shows less directional intensity and a narrower operating range, which points to weakening momentum and slower price velocity. On the weekly view, the strong rebound seen in early-to-mid April has faded into a sequence of softer closes over the last three weeks, so the medium-term advance is intact but losing force. The monthly structure still reflects a recovery attempt after March’s sharp reset, but price remains far below the January–February highs, so the larger uptrend is not in control. News flow is positive, but it has not translated into a sustained acceleration in price or volume. In other words, news is secondary right now; the dominant feature is the microstructure resistance created by clustered sell liquidity. The balance of evidence favors short-term hesitation rather than strong continuation in either direction.