(31 August 2020)USD/TRY Capped by a negative trend line

Pivot
 (invalidation): 7.3700
Our preference
Short positions below 7.3700 with targets at 7.2970 & 7.2750 in extension.
Alternative scenario
Above 7.3700 look for further upside with 7.3880 & 7.4070 as targets.
Comment
The upward potential is likely to be limited by the resistance at 7.3700.

(By Swissquote TRADING CENTRAL)