AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115 
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FxWirePro-Major European Indices 
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FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800 
- EUR/KRW is currently trading around 1,281 mark.
- Pair made intraday high at 1,281 and low at 1,278 levels.
- Intraday bias remains neutral till the time pair holds key support at 1,278 mark.
- A sustained close above 1,278 will take the parity higher towards key resistances around 1,288, 1,295, 1,302, 1,313, 1,327, 1,338, 1,347, 1,355, 1,363, 1,377 and 1,390 marks respectively.
- On the other side, a daily close below 1,278 will drag the parity down towards key supports around 1,264, 1,253 and 1,234 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Seoul shares open up 0.63 pct.
We prefer to take short position on EUR/KRW only below 1,278, stop loss at 1,294 and target of 1,264.
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