FxWirePro: USD/KRW stable around 1168, intraday bias remains neutral
USD/KRW is currently trading around 1168 levels. Intraday bias remains neutral till the time pair holds key resistance at 1168 levels. A daily close above 1168 will drag the parity up towards key resistances at 1172/1180…
Intraday bias remains neutral till the time pair holds key resistance at 1168 levels.
A daily close above 1168 will drag the parity up towards key resistances at 1172/1180/1193 marks.
A sustained close below 1168 will test key supports at 1153/1142/1134/1127/1121/1115 levels respectively.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
