- USD/KRW is currently trading around 1154levels.
- It made intraday high at 1177 and low at 1153 levels.
- Pair hits fresh 3-month low on the back of positive economic data from Korea.
- Korea’s PPI m/m released at 0.0% vs -0.5% previous release while year-on-year data came at -3.4% vs -3.3% previous releases.
- Intraday bias remains bearish for the moment.
- Pair breaks key support at 1173 mark and hits fresh 3 month low at 1153.
- A sustained close below 1153 will target 1142/1129 marks thereafter.
- Alternatively, reversal from key support will drag the parity up around 1180/1193/1201 marks.
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.


EUR/JPY Powers Higher for 2nd Day — Bulls Charge Toward 187+ Breakout
FxWirePro- Major Pair levels and bias summary
GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout
FxWirePro: USD/CAD attracts selling interest, vulnerable to more downside
FxWirePro: USD/ZAR dips below lower range, bearish bias increases
FxWirePro: NZD/USD consolidating around 0.6030 , bias is bullish
AUDJPY Powers Above 109 – Yen Weakness Fuels Aussie Bulls
FxWirePro- Woodies Pivot(Major)
Iran Unrest Sparks Oil Rally — Bounce Off EMA, Buy Dips to $66.40 Glory
FxWirePro: GBP/NZD remains weak, eyes 2.2550 level
NZDJPY Breaks 94: Bulls Charge as Kiwi Roars Back
FxWirePro: USD/JPY builds momentum , eyes 157.00 level in the short term
FxWirePro: NZD/USD slips as New Zealand’s unemployment rises in Q4
AUDJPY Smashes 30-Month Peak — Buy the Dip, 112 in Sight 



