(10 JANUARY 2019)USD/TRY:Bullish bias above 5.4620.

Pivot (invalidation): 5.4620

Our preference

Long positions above 5.4620 with targets at 5.5080 & 5.5450 in extension.

Alternative scenario

Below 5.4620 look for further downside with 5.4370 & 5.3970 as targets.

Comment

A support base at 5.4620 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)