(05 November 2020)USD/TRY Key resistance at 8.4600.

(05 November 2020)USD/TRY Key resistance at 8.4600.

5 November 2020, 09:14
Jiming Huang
0
89

trr
Pivot
 (invalidation): 8.4600
Our preference
Short positions below 8.4600 with targets at 8.3980 & 8.3710 in extension.
Alternative scenario
Above 8.4600 look for further upside with 8.5000 & 8.5460 as targets.
Comment
The upward potential is likely to be limited by the resistance at 8.4600.

(By Swissquote TRADING CENTRAL)


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