(16 JULY 2019)USD/TRY:5.6790 expected.

Pivot (invalidation): 5.7200

Our preference

Short positions below 5.7200 with targets at 5.6950 & 5.6790 in extension.

Alternative scenario

Above 5.7200 look for further upside with 5.7330 & 5.7580 as targets.

Comment

A break below 5.6950 would trigger a drop towards 5.6790.

(By Swissquote TRADING CENTRAL)