(13 October 2020)USD/TRY Key resistance at 7.8960.

Pivot
 (invalidation): 7.8960
Our preference
Short positions below 7.8960 with targets at 7.8480 & 7.8320 in extension.
Alternative scenario
Above 7.8960 look for further upside with 7.9120 & 7.9350 as targets.
Comment
As Long as the resistance at 7.8960 is not surpassed, the risk of the break below 7.8480
remains high.

(By Swissquote TRADING CENTRAL)