(08 MAY 2020)USD/TRY Key resistance at 7.1500.

Pivot
 (invalidation): 7.1500
Our preference
Short positions below 7.1500 with targets at 7.0540 & 7.0160 in extension.
Alternative scenario
Above 7.1500 look for further upside with 7.1920 & 7.2400 as targets.
Comment
As Long as the resistance at 7.1500 is not surpassed, the risk of the break below 7.0540
remains high.

(By Swissquote TRADING CENTRAL)