USD/TRY Expect 5.2400

Pivot (invalidation): 5.4600

Our preference Short positions below 5.4600 with targets at 5.3000 & 5.2400 in extension.

Alternative scenario Above 5.4600 look for further upside with 5.5640 & 5.6350 as targets.

Comment As Long as 5.4600 is resistance, look for choppy price action with a bearish bias.

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Swissquote Bank SAhttp://en.swissquote.com/fx
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