(06 MAY 2019)USD/TRY:The upside prevails.

(06 MAY 2019)USD/TRY:The upside prevails.

6 May 2019, 13:37
Jiming Huang
0
47

tr

Pivot (invalidation): 5.9730

Our preference

Long positions above 5.9730 with targets at 6.0000 & 6.0150 in extension.

Alternative scenario

Below 5.9730 look for further downside with 5.9550 & 5.9400 as targets.

Comment

The break above 5.9730 is a positive signal that has opened a path to 6.0000.

(By Swissquote TRADING CENTRAL)


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