(18 MAY 2020)USD/TRY Key resistance at 6.9190.

(18 MAY 2020)USD/TRY Key resistance at 6.9190.

18 May 2020, 09:01
Jiming Huang
0
71

tr
Pivot
 (invalidation): 6.9190
Our preference
Short positions below 6.9190 with targets at 6.8570 & 6.8280 in extension.
Alternative scenario
Above 6.9190 look for further upside with 6.9460 & 6.9710 as targets.
Comment
As Long as the resistance at 6.9190 is not surpassed, the risk of the break below 6.8570
remains high.

(By Swissquote TRADING CENTRAL)