(12 JUNE 2020)USD/TRY The upside prevails.

(12 JUNE 2020)USD/TRY The upside prevails.

12 June 2020, 09:02
Jiming Huang
0
86

tr
Pivot
 (invalidation): 6.8170
Our preference
Long positions above 6.8170 with targets at 6.8530 & 6.8670 in extension.
Alternative scenario
Below 6.8170 look for further downside with 6.7950 & 6.7670 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited

(By Swissquote TRADING CENTRAL)

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