(13 NOVEMBER 2018)USD/TRY:Key resistance at 5.4790.

Pivot (invalidation): 5.4790

Our preference

Short positions below 5.4790 with targets at 5.4400 & 5.4100 in extension.

Alternative scenario

Above 5.4790 look for further upside with 5.5150 & 5.5420 as targets.

Comment

As Long as the resistance at 5.4790 is not surpassed, the risk of the break below 5.4400

remains high. 

(By Swissquote TRADING CENTRAL)