(08 FEBRUARY 2019)USD/TRY:Bullish bias above 5.2380.

Pivot (invalidation): 5.2380

Our preference

Long positions above 5.2380 with targets at 5.2780 & 5.2960 in extension.

Alternative scenario

Below 5.2380 look for further downside with 5.2220 & 5.2060 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.

(By Swissquote TRADING CENTRAL)