(18 JANUARY 2019)USD/TRY:The downside prevails.

(18 JANUARY 2019)USD/TRY:The downside prevails.

18 January 2019, 09:08
Jiming Huang
0
55

try

Pivot (invalidation): 5.3790

Our preference

Short positions below 5.3790 with targets at 5.3240 & 5.2960 in extension.

Alternative scenario

Above 5.3790 look for further upside with 5.4170 & 5.4520 as targets.

Comment

A break below 5.3240 would trigger a drop towards 5.2960.

(By Swissquote TRADING CENTRAL)

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