(09 December 2020)USD/TRY Key resistance at 7.8470.

(09 December 2020)USD/TRY Key resistance at 7.8470.

9 December 2020, 08:59
Jiming Huang
0
68

tr
Pivot
 (invalidation): 7.8470
Our preference
Short positions below 7.8470 with targets at 7.7810 & 7.7530 in extension.
Alternative scenario
Above 7.8470 look for further upside with 7.8720 & 7.9100 as targets.
Comment
As Long as the resistance at 7.8470 is not surpassed, the risk of the break below 7.7810
remains high.

(By Swissquote TRADING CENTRAL)


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