(22 NOVEMBER 2018)USD/TRY:Key resistance at 5.3400.

Pivot (invalidation): 5.3400

Our preference

Short positions below 5.3400 with targets at 5.3000 & 5.2730 in extension.

Alternative scenario

Above 5.3400 look for further upside with 5.3670 & 5.3960 as targets.

Comment

The upward potential is likely to be limited by the resistance at 5.3400.

(By Swissquote TRADING CENTRAL)