(17 January 2020)USD/TRY Key resistance at 5.8650.

(17 January 2020)USD/TRY Key resistance at 5.8650.

17 January 2020, 09:01
Jiming Huang
0
25

tr
Pivot
 (invalidation): 5.8650
Our preference
Short positions below 5.8650 with targets at 5.8460 & 5.8380 in extension.
Alternative scenario
Above 5.8650 look for further upside with 5.8770 & 5.8880 as targets.
Comment
The upward potential is likely to be limited by the resistance at 5.8650.

(By Swissquote TRADING CENTRAL)

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