(13 AUGUST 2019) USD/TRY:5.5900 expected.

Pivot
 (invalidation): 5.5430
Our preference
Long positions above 5.5430 with targets at 5.5730 & 5.5900 in extension.
Alternative scenario
Below 5.5430 look for further downside with 5.5280 & 5.5130 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited

(By Swissquote TRADING CENTRAL)