- USD/KRW is currently trading around 1137 levels.
- It made intraday high at 1137 and low at 1133 levels.
- Today South Korea released CPI data m/m with positive numbers at 0.1% vs -0.3% previous release. On the other side, Year on year CPI growth remains unchanged at 1.0%.
- Intraday bias remains bullish till the time pair holds key support at 1133 levels.
- A sustained close below 1134 will test key supports at 1127/1121/1115 levels respectively.
- A daily close above 1142 will drag the parity up towards key resistances at 1153/1168/1172/1180/1193 marks.
We prefer to take long position in USD/KRW at 1136, stop loss 1127 and target 1142/1153 levels.
