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FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
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- USD/KRW is currently trading around 1,138 levels.
- It made intraday high at 1,141 and low at 1,138 levels.
- Intraday bias remains bearish for the moment.
- A sustained break below 1128(October 2015 low) will tests key supports at 1121/1115/1101/1095/1078/1063 levels respectively.
- Alternatively, a daily close above 1142 will drag the parity higher towards key resistances at 1152, 1162, 1176, 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
- In addition, South Korea’s Kospi was trading 0.12% higher at 2,014.28 points.
- South Korea’s Q2 GDP growth Q/Q increases to 0.7 percent (forecast 0.7 %) vs previous 0.5 percent.
- South Korea’s Q2 GDP growth Y/Y increase to 3.2 percent (forecast 2.9 %) vs previous 2.8 percent.
We prefer to take short position in USD/KRW around 1,140 with stop loss at 1,142 and target 1,128/ 1,115 marks.
