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FxWirePro: USD/KRW breaks key resistance at 1176, a break above targets 1193

USD/KRW is currently trading around 1173 levels. Intraday bias remains bullish till the time pair holds key support at 1162 levels. A daily close above 1176 will drag the parity up towards key resistances at 1180/1193/12…

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FxWirePro: USD/KRW breaks key resistance at 1176, a break above targets 1193
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  • USD/KRW is currently trading around 1173 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1162 levels.
     
  • A daily close above 1176 will drag the parity up towards key resistances at 1180/1193/1211 marks.
     
  • A sustained close below 1162 will test key supports at 1153/1142/1134/1127/1121/1115 levels respectively.

We prefer to take long position in USD/KRW only above 1176, stop loss 1162 and target 1193/1211. 

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