Contributors Technical Analysis USD/TRY Bullish Bias Above 5.2730

USD/TRY Bullish Bias Above 5.2730

Pivot (invalidation): 5.2730

Our preference Long positions above 5.2730 with targets at 5.3110 & 5.3250 in extension.

Alternative scenario Below 5.2730 look for further downside with 5.2460 & 5.2190 as targets.

Comment A support base at 5.2730 has formed and has allowed for a temporary stabilisation.

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