(10 OCTOBER 2018)USD/TRY:Capped by a negative trend line.

Pivot (invalidation): 6.1180

Our preference

Short positions below 6.1180 with targets at 6.0850 & 6.0590 in extension.

Alternative scenario

Above 6.1180 look for further upside with 6.1575 & 6.1930 as targets.

Comment

As Long as the resistance at 6.1180 is not surpassed, the risk of the break below 6.0850

remains high. 

(By Swissquote TRADING CENTRAL)