(19 December 2019)USD/TRY Bullish bias above 5.9120.

T
Pivot
 (invalidation): 5.9120
Our preference
Long positions above 5.9120 with targets at 5.9320 & 5.9420 in extension.
Alternative scenario
Below 5.9120 look for further downside with 5.8950 & 5.8810 as targets.
Comment
A support base at 5.9120 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)