(31 JANUARY 2019)USD/TRY:The downside prevails.

(31 JANUARY 2019)USD/TRY:The downside prevails.

31 January 2019, 08:59
Jiming Huang
0
41

try

Pivot (invalidation): 5.2600

Our preference

Short positions below 5.2600 with targets at 5.1940 & 5.1700 in extension.

Alternative scenario

Above 5.2600 look for further upside with 5.2910 & 5.3220 as targets.

Comment

The break below 5.2600 is a negative signal that has opened a path to 5.1940.

(By Swissquote TRADING CENTRAL)


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