(04 November 2020)USD/TRY Key resistance at 8.4700.

Pivot
 (invalidation): 8.4700
Our preference
Short positions below 8.4700 with targets at 8.3780 & 8.3380 in extension.
Alternative scenario
Above 8.4700 look for further upside with 8.5000 & 8.5460 as targets.
Comment
The upward potential is likely to be limited by the resistance at 8.4700.

(By Swissquote TRADING CENTRAL)