(19 NOVEMBER 2018)USD/TRY:Key resistance at 5.3670.

Pivot (invalidation): 5.3670

Our preference

Short positions below 5.3670 with targets at 5.3190 & 5.3000 in extension.

Alternative scenario

Above 5.3670 look for further upside with 5.3930 & 5.4230 as targets.

Comment

As Long as the resistance at 5.3670 is not surpassed, the risk of the break below 5.3190

remains high. 

(By Swissquote TRADING CENTRAL)