HomeContributorsTechnical AnalysisUSD/TRY: Rebound Expected

USD/TRY: Rebound Expected

Pivot (invalidation): 7.7850

Our preference Long positions above 7.7850 with targets at 7.8230 & 7.8510 in extension.

Alternative scenario Below 7.7850 look for further downside with 7.7700 & 7.7500 as targets.

Comment A support base at 7.7850 has formed and has allowed for a temporary stabilisation.

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