- USD/KRW is currently trading around 1,132 levels.
- It made intraday high at 1,133 and low at 1,129 marks.
- Intraday bias remains bullish till the time pair holds key support at 1,117 levels.
- A daily close above 1,132 will drag the parity higher towards key resistances at 1,142, 1,152, 1,162, 1,176, 1,182, 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
- On the other side, a sustained close below 1,125 will test key supports at 1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
- In addition, South Korea’s Kospi was trading around 0.31 percent lower at 2,034.46 points.
We prefer to go long on USD/KRW around 1,128, stop loss 1,117 and target 1,142/1,168.
