The trio of double Paralympic champion Danielle Brown, Rikki Bingham and Andrea Gales started strongly with victories over Mexico and then Canada in Belek.
That set them up with a semi-final clash with Colombia however Aura Maria Bravo, Sara Lopez and Alejandra Usquiano proved too much for the Brits as they triumphed 194-165.
However all is not lost as they come up against France in the bronze medal match while Colombia take on the Netherlands in the fight for gold in Turkey.
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Brown, Bingham and Gales are Britain's last hope of a medal after the men's compound team of Adam Ravenscroft, Duncan Busby and Chris Bell lost in the quarter-finals.
All failed individually with the compound bow while the same went for Naomi Folkard, Becky Martin, Amy Oliver, Alan Wills, Larry Godfrey and Ashe Morgan in the Olympic recurve events.
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Archery - Tokyo 2020 - Olympic Highlights