(21 JANUARY 2019)USD/TRY:Key resistance at 5.3440.

Pivot (invalidation): 5.3440

Our preference

Short positions below 5.3440 with targets at 5.3145 & 5.2960 in extension.

Alternative scenario

Above 5.3440 look for further upside with 5.3615 & 5.3880 as targets.

Comment

As Long as the resistance at 5.3440 is not surpassed, the risk of the break below 5.3145

remains high. 

(By Swissquote TRADING CENTRAL)