(24 JUNE 2019)USD/TRY:Key resistance at 5.7930.

(24 JUNE 2019)USD/TRY:Key resistance at 5.7930.

24 June 2019, 09:25
Jiming Huang
0
66

tr

Pivot (invalidation): 5.7930

Our preference

Short positions below 5.7930 with targets at 5.7230 & 5.7000 in extension.

Alternative scenario

Above 5.7930 look for further upside with 5.8380 & 5.8850 as targets.

Comment

As Long as the resistance at 5.7930 is not surpassed, the risk of the break below 5.7230

remains high. 

(By Swissquote TRADING CENTRAL)