- 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: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/ZAR edges higher, set to stay on back foot
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro: GBP/NZD stuck in range but outlook is bullish
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 



