(22 MARCH 2019)USD/TRY:Further upside.

Pivot (invalidation): 5.4510

Our preference

Long positions above 5.4510 with targets at 5.4780 & 5.4890 in extension.

Alternative scenario

Below 5.4510 look for further downside with 5.4320 & 5.4140 as targets.

Comment

The break above 5.4510 is a positive signal that has opened a path to 5.4780.

(By Swissquote TRADING CENTRAL)