![(08 FEBRUARY 2019)USD/TRY:Bullish bias above 5.2380. (08 FEBRUARY 2019)USD/TRY:Bullish bias above 5.2380.](https://c.mql5.com/6/824/splash-724540.jpg)
![Jiming Huang Jiming Huang](https://c.mql5.com/avatar/2015/11/563C54E3-36DF.jpg)
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Pivot (invalidation): 5.2380
Our preference
Long positions above 5.2380 with targets at 5.2780 & 5.2960 in extension.
Alternative scenario
Below 5.2380 look for further downside with 5.2220 & 5.2060 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.
(By Swissquote TRADING CENTRAL)