(10 DECEMBER 2018)USD/TRY:Key resistance at 5.3230.

(10 DECEMBER 2018)USD/TRY:Key resistance at 5.3230.

10 December 2018, 08:53
Jiming Huang
0
18

try

Pivot (invalidation): 5.3230

Our preference

Short positions below 5.3230 with targets at 5.2900 & 5.2590 in extension.

Alternative scenario

Above 5.3230 look for further upside with 5.3500 & 5.3750 as targets.

Comment

The upward potential is likely to be limited by the resistance at 5.3230.

(By Swissquote TRADING CENTRAL) 

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