FxWirePro: USD/KRW hovers around key support at 1148, bias neutral
USD/KRW is currently trading around 1148 levels. It made intraday high at 1149 and low at 1146 levels. Intraday bias remains neutral till the time pair holds key support at 1142 mark. A sustained close below 1142 will te…
It made intraday high at 1149 and low at 1146 levels.
Intraday bias remains neutral till the time pair holds key support at 1142 mark.
A sustained close below 1142 will tests key supports 1134/1127 (October 2015 low) /1121/1115 levels respectively.
Alternatively, a daily close above 1152 will drag the parity higher towards key resistances at 1161182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
In addition, South Korea’s Kospi was trading 0.37% higher at 1,994.92 points.
We prefer to take short position in USD/KRW only below 1142, stop loss 1158 and target 1128/ 1115 respectively.
