(01 FEBRUARY 2019)USD/TRY:Key resistance at 5.2100.
Analytics & Forecasts

(01 FEBRUARY 2019)USD/TRY:Key resistance at 5.2100.

2 February 2019, 06:52
Jiming Huang
Jiming Huang
0
144

try

Pivot (invalidation): 5.2100

Our preference

Short positions below 5.2100 with targets at 5.1570 & 5.1360 in extension.

Alternative scenario

Above 5.2100 look for further upside with 5.2420 & 5.2730 as targets.

Comment

The upward potential is likely to be limited by the resistance at 5.2100

(By Swissquote TRADING CENTRAL)

#USD/TRY