- USD/KRW is currently trading around 1168 levels.
- It made intraday high at 1166 and low at 1169 levels.
- Intraday bias remains bullish till the time pair holds key support at 1153 levels.
- A sustained close below 1153 tests 1142/1129 marks thereafter.
- On the other side, initial resistance falls at 1173. A break above targets key resistances at 1180/1193/1201 marks.
We prefer to take long position in USD/KRW around 1167, stop loss 1153 and target 1180/ 1193 levels.
