(03 JUNE 2019)USD/TRY:Key resistance at 5.8750.

(03 JUNE 2019)USD/TRY:Key resistance at 5.8750.

3 June 2019, 09:20
Jiming Huang
0
41

tr

Pivot (invalidation): 5.8750

Our preference

Short positions below 5.8750 with targets at 5.8190 & 5.8000 in extension.

Alternative scenario

Above 5.8750 look for further upside with 5.9200 & 5.9600 as targets.

Comment

The upward potential is likely to be limited by the resistance at 5.8750.

(By Swissquote TRADING CENTRAL)


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