(09 October 2019)USD/TRY Bullish bias above 5.8150.

 

Pivot
 (invalidation): 5.8150
Our preference
Long positions above 5.8150 with targets at 5.8500 & 5.8720 in extension.
Alternative scenario
Below 5.8150 look for further downside with 5.7860 & 5.7580 as targets.
Comment
A support base at 5.8150 has formed and has allowed for a temporary stabilisati