(16 JANUARY 2019)USD/TRY:Rebound expected.

(16 JANUARY 2019)USD/TRY:Rebound expected.

16 January 2019, 09:31
Jiming Huang
0
78

ty

Pivot (invalidation): 5.4290

Our preference

Long positions above 5.4290 with targets at 5.4670 & 5.4870 in extension.

Alternative scenario

Below 5.4290 look for further downside with 5.4100 & 5.3960 as targets.

Comment

The RSI shows upside momentum.

(By Swissquote TRADING CENTRAL)