FxWirePro: South Korean won opens onshore trade at 1,143.0 per dollar, bias remains neutral

• USD/KRW is currently trading around 1146 levels.
   
• It made intraday high at 1147 and low at 1144 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 1142 mark.    
   
• A sustained break below 1142 will tests key supports 1134/1127 (October 2015 low) /1121/1115 levels respectively.
   
• Alternatively, reversal from key support 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 0.35% higher at 1,998.92 points.
   
• South Korea’s June import price growth y/y increase to -4.9 % vs previous -5.1 %.
   
• South Korea’s June export price growth y/y decrease to -4.9 % vs previous -4 %.
   
• South Korea’s June unemployment rate decrease to 3.6 % vs previous 3.7 %.
   
• South Korea’s May l-money supply growth decrease to 7.1 % vs previous 7.6 %.

We prefer to take short position in USD/KRW only below 1142, stop loss 1157 and target 1127 marks.