(17 MAY 2019)USD/TRY:The bias remains bullish.

Pivot (invalidation): 6.0340

Our preference

Long positions above 6.0340 with targets at 6.0890 & 6.1110 in extension.

Alternative scenario

Below 6.0340 look for further downside with 5.9900 & 5.9530 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)