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FxWirePro: USD/KRW hovers just above key support level at 1153, intraday bias remains bearish

  • USD/KRW is currently trading around 1156 levels.
     
  • It made intraday high at 1157 and low at 1155 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 1164 levels.
     
  • A break above targets key resistances at 1173/1180/1193/1201 marks.
     
  • Alternatively, a sustained close below 1153 tests 1142/1129 marks thereafter.

We prefer to take short position in USD/KRW around 1157, stop loss 1164 and target 1142/ 1129 levels.

  • Market Data
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