Thursday, October 15, 2026

Technicals

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USD/KRW fails to break key resistance at 1200, sell on rallies

Pair is currently trading at 1188 levels. It made intraday high at 1191 and low at 1187 levels. Intraday bias remains bearish for the moment. On the top side, key resistance falls at 1201/1210 levels. Alternatively, rece…

By Cynthia Firey Eakin
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair is currently trading at 1188 levels.
     
  • It made intraday high at 1191 and low at 1187 levels.
     
  • Intraday bias remains bearish for the moment.
     
  • On the top side, key resistance falls at 1201/1210 levels.
     
  • Alternatively, recent down fall from 1244 likely to take the parity below 1180 marks.
     
  • Key support levels are seen at 1180, 1174 and 1166 levels thereafter.

We prefer to take short position in USD/KRW around 1190, stop loss 1201 and target 1174/1166 marks.

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By FxWirePro Team