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FxWirePro: South Korean won opens onshore trade at 1,136.6 per dollar, faces immediate support at 1132

Monday, July 25, 2016 1:48 AM UTC

USD/KRW is currently trading around 1137 levels.
It made intraday high at 1137.70 and low at 1135.70 levels.
Intraday bias remains bullish till the time pair holds key support at 1128 mark.
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 0.18% higher at 2,013.28 points.

We prefer to take long position in USD/KRW around 1135, stop loss 1128 and target 1142/1152/1168 marks.

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FxWirePro: South Korean won opens onshore trade at 1,136.6 per dollar, faces immediate support at 1132

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