(27 April 2020)USD/TRY Key resistance at 6.9840.

(27 April 2020)USD/TRY Key resistance at 6.9840.

27 April 2020, 09:13
Jiming Huang
0
61

  tr
Pivot
 (invalidation): 6.9840
Our preference
Short positions below 6.9840 with targets at 6.9450 & 6.9200 in extension.
Alternative scenario
Above 6.9840 look for further upside with 7.0000 & 7.0150 as targets.
Comment
As Long as the resistance at 6.9840 is not surpassed, the risk of the break below 6.9450
remains high.

(By Swissquote TRADING CENTRAL)