HomeContributorsTechnical AnalysisUSD/TRY Capped By A Negative Trend Line

USD/TRY Capped By A Negative Trend Line

Pivot (invalidation): 6.0440

Our preference Short positions below 6.0440 with targets at 5.9900 & 5.9530 in extension.

Alternative scenario Above 6.0440 look for further upside with 6.0790 & 6.1080 as targets.

Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

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