(07 JANUARY 2019)USD/TRY:The downside prevails.

(07 JANUARY 2019)USD/TRY:The downside prevails.

7 January 2019, 09:01
Jiming Huang
0
54

try

Pivot (invalidation): 5.3740

Our preference

Short positions below 5.3740 with targets at 5.3050 & 5.2670 in extension.

Alternative scenario

Above 5.3740 look for further upside with 5.4290 & 5.4780 as targets.

Comment

A break below 5.3050 would trigger a drop towards 5.2670.

(By Swissquote TRADING CENTRAL) 


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