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

Pivot (invalidation): 5.9380

Our preference

Short positions below 5.9380 with targets at 5.8380 & 5.7680 in extension.

Alternative scenario

Above 5.9380 look for further upside with 6.0055 & 6.0810 as targets.

Comment

A break below 5.8380 would trigger a drop towards 5.7680.

(By Swissquote TRADING CENTRAL)