Contributors Technical Analysis USD/TRY Bullish Bias Above 5.3300

USD/TRY Bullish Bias Above 5.3300

Pivot (invalidation): 5.3300

Our preference Long positions above 5.3300 with targets at 5.3700 & 5.4000 in extension.

Alternative scenario Below 5.3300 look for further downside with 5.3050 & 5.2680 as targets.

Comment A support base at 5.3300 has formed and has allowed for a temporary stabilisation.

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