Contributors Technical Analysis USD/TRY Bullish Bias Above 5.3540

USD/TRY Bullish Bias Above 5.3540

Pivot (invalidation): 5.3540

Our preference Long positions above 5.3540 with targets at 5.3850 & 5.4050 in extension.

Alternative scenario Below 5.3540 look for further downside with 5.3350 & 5.3210 as targets.

Comment A support base at 5.3540 has formed and has allowed for a temporary stabilisation.

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