(16 January 2020)USD/TRY 5.8670 expected.

(16 January 2020)USD/TRY 5.8670 expected.

16 January 2020, 09:01
Jiming Huang
0
28

tr
Pivot
 (invalidation): 5.8840
Our preference
Short positions below 5.8840 with targets at 5.8670 & 5.8600 in extension.
Alternative scenario
Above 5.8840 look for further upside with 5.8930 & 5.9010 as targets.
Comment
As Long as the resistance at 5.8840 is not surpassed, the risk of the break below 5.8670
remains high.

(By Swissquote TRADING CENTRAL)

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