(29 November 2019)USD/TRY Capped by a negative trend line.

(29 November 2019)USD/TRY Capped by a negative trend line.

29 November 2019, 08:59
Jiming Huang
0
66

ty
Pivot
 (invalidation): 5.7700
Our preference
Short positions below 5.7700 with targets at 5.7470 & 5.7310 in extension.
Alternative scenario
Above 5.7700 look for further upside with 5.7810 & 5.7910 as targets.
Comment
As Long as the resistance at 5.7700 is not surpassed, the risk of the break below 5.7470
remains high

(By Swissquote TRADING CENTRAL)