(06 February 2020)USD/TRY Key resistance at 5.9880.

(06 February 2020)USD/TRY Key resistance at 5.9880.

6 February 2020, 08:49
Jiming Huang
0
21

r
Pivot
 (invalidation): 5.9880
Our preference
Short positions below 5.9880 with targets at 5.9720 & 5.9660 in extension.
Alternative scenario
Above 5.9880 look for further upside with 5.9930 & 6.0000 as targets.
Comment
As Long as the resistance at 5.9880 is not surpassed, the risk of the break below 5.9720
remains high.

(By Swissquote TRADING CENTRAL)

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