(13 October 2020)USD/TRY Key resistance at 7.8960.

(13 October 2020)USD/TRY Key resistance at 7.8960.

13 October 2020, 08:51
Jiming Huang
0
76

tr
Pivot
 (invalidation): 7.8960
Our preference
Short positions below 7.8960 with targets at 7.8480 & 7.8320 in extension.
Alternative scenario
Above 7.8960 look for further upside with 7.9120 & 7.9350 as targets.
Comment
As Long as the resistance at 7.8960 is not surpassed, the risk of the break below 7.8480
remains high.

(By Swissquote TRADING CENTRAL)


Share it with friends: