(15 JANUARY 2019)USD/TRY:Key resistance at 5.4780.

Pivot (invalidation): 5.4780

Our preference

Short positions below 5.4780 with targets at 5.4250 & 5.4100 in extension.

Alternative scenario

Above 5.4780 look for further upside with 5.5030 & 5.5450 as targets.

Comment

As Long as the resistance at 5.4780 is not surpassed, the risk of the break below 5.4250

remains high. 

(By Swissquote TRADING CENTRAL)