(28 NOVEMBER 2018)USD/TRY:Turning down.

Pivot (invalidation): 5.2900

Our preference

Short positions below 5.2900 with targets at 5.2330 & 5.2160 in extension.

Alternative scenario

Above 5.2900 look for further upside with 5.3120 & 5.3450 as targets.

Comment

As Long as the resistance at 5.2900 is not surpassed, the risk of the break below 5.2330

remains high.

(By Swissquote TRADING CENTRAL)