(05 DECEMBER 2018) USD/TRY:The bias remains bullish.

Pivot (invalidation): 5.3430

Our preference

Long positions above 5.3430 with targets at 5.4210 & 5.4570 in extension.

Alternative scenario

Below 5.3430 look for further downside with 5.2830 & 5.2290 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)