Contributors Technical Analysis USD/TRY Bullish Bias Above 5.9950

USD/TRY Bullish Bias Above 5.9950

Pivot (invalidation): 5.9950

Our preference Long positions above 5.9950 with targets at 6.0900 & 6.1380 in extension.

Alternative scenario Below 5.9950 look for further downside with 5.9530 & 5.9000 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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