(22 JULY 2020)USD/TRY Key resistance at 6.8390.

(22 JULY 2020)USD/TRY Key resistance at 6.8390.

22 July 2020, 09:35
Jiming Huang
0
59

tr
Pivot
 (invalidation): 6.8390
Our preference
Short positions below 6.8390 with targets at 6.8160 & 6.8090 in extension.
Alternative scenario
Above 6.8390 look for further upside with 6.8480 & 6.8590 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)


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