(22 OCTOBER 2018)USD/TRY:The bias remains bullish.

Pivot (invalidation): 5.6050

Our preference

Long positions above 5.6050 with targets at 5.6950 & 5.7700 in extension.

Alternative scenario

Below 5.6050 look for further downside with 5.5600 & 5.5150 as targets.

Comment

The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)