Contributors Technical Analysis USD/TRY Under Pressure

USD/TRY Under Pressure

Pivot (invalidation): 5.3660

Our preference Short positions below 5.3660 with targets at 5.3050 & 5.2700 in extension.

Alternative scenario Above 5.3660 look for further upside with 5.4000 & 5.4570 as targets.

Comment As Long as the resistance at 5.3660 is not surpassed, the risk of the break below 5.3050 remains high.

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