(25 OCTOBER 2018)USD/TRY:Key resistance at 5.7460.

Pivot (invalidation): 5.7460

Our preference

Short positions below 5.7460 with targets at 5.6800 & 5.6500 in extension.

Alternative scenario

Above 5.7460 look for further upside with 5.7750 & 5.8050 as targets.

Comment

As Long as the resistance at 5.7460 is not surpassed, the risk of the break below 5.6800

remains high. 

(By Swissquote TRADING CENTRAL)