(12 SEPTEMBER 2018)USD/TRY:Turning down.

Pivot (invalidation): 6.4600

Our preference

Short positions below 6.4600 with targets at 6.3940 & 6.3700 in extension.

Alternative scenario

Above 6.4600 look for further upside with 6.4900 & 6.5400 as targets.

Comment

The break below 6.4600 is a negative signal that has opened a path to 6.3940.

(By Swissquote TRADING CENTRAL)