(05 OCTOBER 2018)USD/TRY:The upside prevails.

(05 OCTOBER 2018)USD/TRY:The upside prevails.

5 October 2018, 09:19
Jiming Huang
0
60

try

Pivot (invalidation): 6.1210

Our preference

Long positions above 6.1210 with targets at 6.2155 & 6.2630 in extension.

Alternative scenario

Below 6.1210 look for further downside with 6.0590 & 6.0270 as targets.

Comment

A support base at 6.1210 has formed and has allowed for a temporary stabilisation

(By Swissquote TRADING CENTRAL) 


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