(13 August 2020)USD/TRY Target 7.4000.

(13 August 2020)USD/TRY Target 7.4000.

13 August 2020, 09:32
Jiming Huang
0
65

ty
Pivot
 (invalidation): 7.2650
Our preference
Long positions above 7.2650 with targets at 7.3650 & 7.4000 in extension.
Alternative scenario
Below 7.2650 look for further downside with 7.2220 & 7.1750 as targets.
Comment
A support base at 7.2650 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)


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