(11 JUNE 2019)USD/TRY:Key resistance at 5.8050.

(11 JUNE 2019)USD/TRY:Key resistance at 5.8050.

11 June 2019, 09:27
Jiming Huang
0
56

tr

Pivot (invalidation): 5.8050

Our preference

Short positions below 5.8050 with targets at 5.7520 & 5.7280 in extension.

Alternative scenario

Above 5.8050 look for further upside with 5.8290 & 5.8570 as targets.

Comment

The upward potential is likely to be limited by the resistance at 5.8050

(By Swissquote TRADING CENTRAL)


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