(21 August 2020)USD/TRY Key resistance at 7.3490.

(21 August 2020)USD/TRY Key resistance at 7.3490.

21 August 2020, 09:07
Jiming Huang
0
83

tr
Pivot
 (invalidation): 7.3490
Our preference
Short positions below 7.3490 with targets at 7.2520 & 7.2250 in extension.
Alternative scenario
Above 7.3490 look for further upside with 7.3800 & 7.4000 as targets.
Comment
The upward potential is likely to be limited by the resistance at 7.3490.

(By Swissquote TRADING CENTRAL)