(26 APRIL 2019)USD/TRY:The bias remains bullish.

(26 APRIL 2019)USD/TRY:The bias remains bullish.

26 April 2019, 09:12
Jiming Huang
0
10

tr

Pivot (invalidation): 5.9220

Our preference

Long positions above 5.9220 with targets at 5.9600 & 5.9800 in extension.

Alternative scenario

Below 5.9220 look for further downside with 5.9000 & 5.8600 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)

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