(04 December 2020)USD/TRY Key resistance at 7.8420.

Pivot
 (invalidation): 7.8420
Our preference
Short positions below 7.8420 with targets at 7.7470 & 7.7100 in extension.
Alternative scenario
Above 7.8420 look for further upside with 7.8800 & 7.9150 as targets.
Comment
As Long as the resistance at 7.8420 is not surpassed, the risk of the break below 7.7470
remains high.

(By Swissquote TRADING CENTRAL)