(01 NOVEMBER 2018)USD/TRY:The upside prevails.

(01 NOVEMBER 2018)USD/TRY:The upside prevails.

1 November 2018, 09:14
Jiming Huang
0
60

try

Pivot (invalidation): 5.5510

Our preference

Long positions above 5.5510 with targets at 5.6300 & 5.6640 in extension.

Alternative scenario

Below 5.5510 look for further downside with 5.5090 & 5.4810 as targets.

Comment

The break above 5.5510 is a positive signal that has opened a path to 5.6300.

(By Swissquote TRADING CENTRAL)