(16 October 2019)USD/TRY Continuation of the rebound.

(16 October 2019)USD/TRY Continuation of the rebound.

16 October 2019, 09:15
Jiming Huang
0
21

TR
Pivot
 (invalidation): 5.9000
Our preference
Long positions above 5.9000 with targets at 5.9370 & 5.9530 in extension.
Alternative scenario
Below 5.9000 look for further downside with 5.8760 & 5.8530 as targets.
Comment
The RSI advocates for further upside. The pair has validated a bullish break-out of a triangle
pattern, calling for further ups

(By Swissquote TRADING CENTRAL)


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