(16 AUGUST 2019)USD/TRY:5.5350 expected.

(16 AUGUST 2019)USD/TRY:5.5350 expected.

16 August 2019, 09:12
Jiming Huang
0
49

tr

Pivot
 (invalidation): 5.5790
Our preference
Short positions below 5.5790 with targets at 5.5530 & 5.5350 in extension.
Alternative scenario
Above 5.5790 look for further upside with 5.5990 & 5.6280 as targets.
Comment
A break below 5.5530 would trigger a drop towards 5.5350.

(By Swissquote TRADING CENTRAL)

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