(03 February 2020)USD/TRY Key resistance at 5.9860.

Pivot
 (invalidation): 5.9860
Our preference
Short positions below 5.9860 with targets at 5.9695 & 5.9550 in extension.
Alternative scenario
Above 5.9860 look for further upside with 5.9930 & 6.0000 as targets.
Comment
As Long as the resistance at 5.9860 is not surpassed, the risk of the break below 5.9695
remains high.

(By Swissquote TRADING CENTRAL)