Friday, October 16, 2026

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FxWirePro: South Korean Won breaks key resistance at 1153, good to sell on rallies

USD/KRW is currently trading around 1145 levels. It made intraday high at 1154 and low at 1145 levels. Intraday bias remains bearish for the moment. A daily close above 1153 will drag the parity up towards key resistance…

By Cynthia Firey Eakin
1 min read
FxWirePro: South Korean Won breaks key resistance at 1153, good to sell on rallies
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  • USD/KRW is currently trading around 1145 levels.
     
  • It made intraday high at 1154 and low at 1145 levels.
     
  • Intraday bias remains bearish for the moment.
     
  • A daily close above 1153 will drag the parity up towards key resistances at 1168/1172/1180/1193 marks.
     
  • Alternatively, a sustained close below 1153 tests key supports at 1142/1129/1122 marks respectively.

We prefer to take short position in USD/KRW only below 1148, stop loss 1153 and target 1129 levels.

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