(25 FEBRUARY 2019)USD/TRY:Key resistance at 5.3300.

Pivot (invalidation): 5.3300

Our preference

Short positions below 5.3300 with targets at 5.3030 & 5.2890 in extension.

Alternative scenario

Above 5.3300 look for further upside with 5.3410 & 5.3520 as targets.

Comment

As Long as the resistance at 5.3300 is not surpassed, the risk of the break below 5.3030

remains high. 

(By Swissquote TRADING CENTRAL)