(07 DECEMBER 2018)USD/TRY:Under pressure.

(07 DECEMBER 2018)USD/TRY:Under pressure.

7 December 2018, 09:14
Jiming Huang
0
17

try

Pivot (invalidation): 5.3660

Our preference

Short positions below 5.3660 with targets at 5.3050 & 5.2700 in extension.

Alternative scenario

Above 5.3660 look for further upside with 5.4000 & 5.4570 as targets.

Comment

As Long as the resistance at 5.3660 is not surpassed, the risk of the break below 5.3050

remains high. 

(By Swissquote TRADING CENTRAL) 


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