USDRUB-SELL with STRONG upside bias

The initial move up to $ 90 was halted and I had suggested a brave sell with profit $ 85.00. No doubt, am not a proponent of speculating this one due to illiquid state of the pair.

For those keen on trading it (not advised) we have seen a sharp run up, and based on the current RSI level and the spike upwards, I feel selling between $ 108-113 may be an idea with profit area $ 95 for now. The medium-term chart is overbought, but the conditions are ripe for more upward moves due to the sanctions imposed, and the freezing of Russina Central bank assets, may make it difficult to intervene. The increase of interest rates (doubling it) has halted the slide a little, but this will not stop the weakening unless we have peace and a positive negotiation.