(21 JUNE 2019)USD/TRY:Key resistance at 5.7850.

(21 JUNE 2019)USD/TRY:Key resistance at 5.7850.

21 June 2019, 09:12
Jiming Huang
0
72

tr

Pivot (invalidation): 5.7850

Our preference

Short positions below 5.7850 with targets at 5.7440 & 5.7180 in extension.

Alternative scenario

Above 5.7850 look for further upside with 5.8200 & 5.8520 as targets.

Comment

The upward potential is likely to be limited by the resistance at 5.7850

(By Swissquote TRADING CENTRAL)