(17 JANUARY 2019)USD/TRY:Key resistance at 5.3720.

Pivot (invalidation): 5.3720

Our preference

Short positions below 5.3720 with targets at 5.3240 & 5.2960 in extension.

Alternative scenario

Above 5.3720 look for further upside with 5.4170 & 5.4520 as targets.

Comment

Even though a continuation of the technical rebound cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)