USD/TRY may rise 1251 - 1752 pips

Our pivot point is at 32.8191.

Our preference

As long as 32.8191 is support look for 33.1482.

Alternative scenario

The downside breakout of 32.8191 would call for 32.7352 and 32.6853.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 32.9233 and 32.8741).

Supports and resistances

33.2484 **

33.1983 *

33.1482 **

33.0981

32.9730 last

32.8521

32.8191 **

32.7352 *

32.6853 **

Number of asterisks represents the strength of support and resistance levels.