FXWIREPRO: USD/KRW Hovers Around Key Resistance at 1154, Intraday Bias Remains Neutral
- USD/KRW is currently trading around 1156 levels.
- It made intraday high at 1157 and low at 1154 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 1153 will drag the parity up towards key resistances at 1168/1172/1180/1193 marks.
- Alternatively, a sustained close below 1153 tests key supports at 1142/1129/1122 marks 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.
The material has been provided by InstaForex Company - www.instaforex.com