(23 October 2019)USD/TRY Key resistance at 5.8200.

Pivot
 (invalidation): 5.8200
Our preference
Short positions below 5.8200 with targets at 5.7810 & 5.7620 in extension.
Alternative scenario
Above 5.8200 look for further upside with 5.8410 & 5.8610 as targets.
Comment
The upward potential is likely to be limited by the resistance at 5.8200. The negatively-sloped
50-period moving average (now around the key resistance at 5.8200) is helping to maintain
intraday bearishness

(By Swissquote TRADING CENTRAL)