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FxWirePro: USD/KRW hovers around key resistance at 1153, intraday bias remains neutral

USD/KRW is currently trading around 1154 levels. It made intraday high at 1154 and low at 1150 levels. Intraday bias remains neutral till the time pair holds key resistance at 1153 levels. A daily close above 1153 will d…

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FxWirePro: USD/KRW hovers around key resistance at 1153, intraday bias remains neutral
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  • USD/KRW is currently trading around 1154 levels.
     
  • It made intraday high at 1154 and low at 1150 levels.
     
  • Intraday bias remains neutral till the time pair holds key resistance at 1153 levels.
     
  • A daily close above 1153 will drag the parity up towards key resistances at 1168/1172/1180/1193 marks.
     
  • A sustained close below 1153 will test key supports at 1142/1134/1127/1121/1115 levels respectively.

We prefer to take long position in USD/KRW only above 1154, stop loss 1142 and target 1168/1172 levels.

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