FxWirePro: South Korean won fails to sustain below fresh 5 –month high, intraday bias remains neutral

• USD/KRW is currently trading around 1132 levels.
   
• It made intraday high at 1132 and low at 1128 levels.
   
• Intraday bias remains neutral for the moment.
   
• A daily close above 1135 will drag the parity up towards key resistances at 1142/1153/1168/1172/1180/1193 marks.
   
• Alternatively, a sustained close below 1126 tests key supports at 1122/1115/1101 marks respectively.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.