(05 February 2020)USD/TRY Continuation of the rebound.

Pivot
 (invalidation): 5.9750
Our preference
Long positions above 5.9750 with targets at 5.9860 & 5.9930 in extension.
Alternative scenario
Below 5.9750 look for further downside with 5.9680 & 5.9610 as targets.
Comment
The break above 5.9750 is a positive signal that has opened a path to 5.9860.

(By Swissquote TRADING CENTRAL)