(19 OCTOBER 2018)USD/TRY:Continuation of the rebound.

(19 OCTOBER 2018)USD/TRY:Continuation of the rebound.

19 October 2018, 14:45
Jiming Huang
0
14

try

Pivot (invalidation): 5.5810

Our preference

Long positions above 5.5810 with targets at 5.6950 & 5.7700 in extension.

Alternative scenario

Below 5.5810 look for further downside with 5.5280 & 5.4940 as targets.

Comment

The break above 5.5810 is a positive signal that has opened a path to 5.6950.

(By Swissquote TRADING CENTRAL) 

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