(19 August 2020)USD/TRY Under pressure.

Pivot
 (invalidation): 7.3960
Our preference
Short positions below 7.3960 with targets at 7.3490 & 7.3300 in extension.
Alternative scenario
Above 7.3960 look for further upside with 7.4130 & 7.4300 as targets.
Comment
As Long as the resistance at 7.3960 is not surpassed, the risk of the break below 7.3490
remains high.

(By Swissquote TRADING CENTRAL)