(25 JANUARY 2019)USD/TRY:Capped by a negative trend line.

(25 JANUARY 2019)USD/TRY:Capped by a negative trend line.

25 January 2019, 09:15
Jiming Huang
0
57

try

Pivot (invalidation): 5.2760

Our preference

Short positions below 5.2760 with targets at 5.2420 & 5.2200 in extension.

Alternative scenario

Above 5.2760 look for further upside with 5.2980 & 5.3150 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL)


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