(28 JANUARY 2019)USD/TRY:Under pressure.

(28 JANUARY 2019)USD/TRY:Under pressure.

28 January 2019, 08:58
Jiming Huang
0
49

try

Pivot (invalidation): 5.2770

Our preference

Short positions below 5.2770 with targets at 5.2420 & 5.2200 in extension.

Alternative scenario

Above 5.2770 look for further upside with 5.2940 & 5.3150 as targets.

Comment

As Long as the resistance at 5.2770 is not surpassed, the risk of the break below 5.2420

remains high. 

(By Swissquote TRADING CENTRAL)