(02 APRIL 2019)USD/TRY:Continuation of the rebound.

(02 APRIL 2019)USD/TRY:Continuation of the rebound.

2 April 2019, 09:52
Jiming Huang
0
57

tr

Pivot (invalidation): 5.4890

Our preference

Long positions above 5.4890 with targets at 5.5620 & 5.6340 in extension.

Alternative scenario

Below 5.4890 look for further downside with 5.4310 & 5.3850 as targets.

Comment

The break above 5.4890 is a positive signal that has opened a path to 5.5620.

(By Swissquote TRADING CENTRAL)