(27 MARCH 2019)USD/TRY:Expect 5.2400.

Pivot (invalidation): 5.4600

Our preference

Short positions below 5.4600 with targets at 5.3000 & 5.2400 in extension.

Alternative scenario

Above 5.4600 look for further upside with 5.5640 & 5.6350 as targets.

Comment

As Long as 5.4600 is resistance, look for choppy price action with a bearish bias.

(By Swissquote TRADING CENTRAL)