//(23 OCTOBER 2018)USD/TRY:Bullish bias above 5.6400.

(23 OCTOBER 2018)USD/TRY:Bullish bias above 5.6400.

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Pivot (invalidation): 5.6400

Our preference

Long positions above 5.6400 with targets at 5.6900 & 5.7150 in extension.

Alternative scenario

Below 5.6400 look for further downside with 5.6000 & 5.5600 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

(By Swissquote TRADING CENTRAL)