(20 December 2019)USD/TRY The upside prevails.

(20 December 2019)USD/TRY The upside prevails.

20 December 2019, 08:55
Jiming Huang
0
90

tr
Pivot
 (invalidation): 5.9250
Our preference
Long positions above 5.9250 with targets at 5.9550 & 5.9700 in extension.
Alternative scenario
Below 5.9250 look for further downside with 5.9100 & 5.8950 as targets.
Comment
The break above 5.9250 is a positive signal that has opened a path to 5.9550.

(By Swissquote TRADING CENTRAL)