- USD/KRW is currently trading around 1149 levels.
- It made intraday high at 1150 and low at 1148 levels.
- South Korea’s Q1 GDP growth declined to 0.4 % (forecast 0.5 %) vs previous 0.7 %. In addition South Korea’s Q1 GDP growth y/y decreased to 2.7 % (forecast 2.7 %) vs previous 3.1 %.
- Intraday bias remains neutral for the moment.
- A daily close above 1153 will drag the parity up towards key resistances at 1168/1172/1180/1193 marks.
- Alternatively, reversal from 1153 tests key supports at 1142/1135/1126/1121/1115/1101 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms bearish trend.
We prefer to take long position in USD/KRW only above 1153, stop loss 1142 and target 1168/1172 levels.


FxWirePro- Woodies Pivot (Major)
JPY Major Currency Score
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro- Major Crypto levels and bias summary
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: GBP/AUD edges higher but maintains bearish bias 



