Contributors Technical Analysis USD/TRY The Downside Prevails

USD/TRY The Downside Prevails

Pivot (invalidation): 5.2440

Our preference Short positions below 5.2440 with targets at 5.1850 & 5.1630 in extension.

Alternative scenario Above 5.2440 look for further upside with 5.2670 & 5.2900 as targets.

Comment As Long as 5.2440 is resistance, likely decline to 5.1850.

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