ORBEX: USDTRY - Expecting Minute 3 To Break The 6.00 Barrier?
USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower.
Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25
Look for a valid breakout above minor 1 at 6.0373!
Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near 5.75.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25
Look for a valid breakout above minor 1 at 6.0373!
Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near 5.75.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
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