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

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)