(30 OCTOBER 2018)USD/TRY:Target 5.5000.

(30 OCTOBER 2018)USD/TRY:Target 5.5000.

30 October 2018, 09:12
Jiming Huang
0
53

try

Pivot (invalidation): 5.5700

Our preference

Short positions below 5.5700 with targets at 5.5300 & 5.5000 in extension.

Alternative scenario

Above 5.5700 look for further upside with 5.5960 & 5.6400 as targets.

Comment

The index currently faces a challenging resistance area at 5.5700

(By Swissquote TRADING CENTRAL) 

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