(16 OCTOBER 2018)USD/TRY:Caution.

(16 OCTOBER 2018)USD/TRY:Caution.

16 October 2018, 10:06
Jiming Huang
0
14

try

Pivot (invalidation): 5.8200

Our preference

Short positions below 5.8200 with targets at 5.7470 & 5.7000 in extension.

Alternative scenario

Above 5.8200 look for further upside with 5.8730 & 5.9380 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

(By Swissquote TRADING CENTRAL)

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