(28 August 2020)USD/TRY Watch 7.2740.

Pivot
 (invalidation): 7.3800
Our preference
Short positions below 7.3800 with targets at 7.2970 & 7.2740 in extension.
Alternative scenario
Above 7.3800 look for further upside with 7.4140 & 7.4370 as targets.
Comment
As Long as the resistance at 7.3800 is not surpassed, the risk of the break below 7.2970
remains high.

(By Swissquote TRADING CENTRAL)