USDPKR is closely following USDLKR before the Sri Lankan Rupee hyperinflated in April 2022.
Below USDLKR can be seen creating a pattern in 2020 and 2021 very similar to what USDPKR has been doing in the last year.
Here is what happened after Sri Lanka defaulted, and USDLKR went from 200 to 360 in a matter of days
Given the above fractals, is it possible that Pakistan can defailt soon? If it does and it follows through on the pattern, USDPKR can jump from from the 280s to the high 400s very quickly.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.