- USD/KRW is currently trading around 1,194 levels.
- Pair made intraday high at 1,200 and low at 1,193 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1,203 levels.
- A daily close above 1,197 will drag the parity higher towards key resistances at 1,203, 1,211, 1,220 (March 03, 2016 high) and 1,244 marks respectively.
- On the other side, a sustained close below 1,197 will test key supports at 1,187/1,172/1,168/1,160/1,152/1,146/1,132/1,127/1,117 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
- South Korea’s December export price growth y/y increases to 6.3 % vs previous 3.5 % (revised from 3.8 %).
- South Korea’s December import price growth y/y increases to 9.2 % vs previous 3.6 %.
We prefer to go short on USD/KRW around 1,195 with stop loss at 1,203 and target of 1,182.


FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD eases as market awaits Iran deadline
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying
FxWirePro- Major European Indices
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 



