(08 MAY 2019)USD/TRY:The upside prevails.

(08 MAY 2019)USD/TRY:The upside prevails.

8 May 2019, 09:13
Jiming Huang
0
43

tr

Pivot (invalidation): 6.1420

Our preference

Long positions above 6.1420 with targets at 6.2000 & 6.2410 in extension.

Alternative scenario

Below 6.1420 look for further downside with 6.1160 & 6.0910 as targets.

Comment

The break above 6.1420 is a positive signal that has opened a path to 6.2000.

(By Swissquote TRADING CENTRAL)


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