FXWIREPRO: USD/KRW Hovers Around Key Support at 1142, Intraday Bias Remains Neutral
13 April 2016, 06:39
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FXWIREPRO: USD/KRW Hovers Around Key Support at 1142, Intraday Bias Remains Neutral
- USD/KRW is currently trading around 1143 levels.
- It made intraday high at 1144 and low at 1142 levels.
- Intraday bias remains neutral for the moment.
- Key support and resistance levels are seen at 1142 and 1153 marks respectively. A sustain break of either side is require to confirm the bullish or bearish trend.
- A daily close above 1153 will drag the parity up towards key resistances at 1168/1172/1180/1193 marks.
- Alternatively, a sustained close below 1142 tests key supports at 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
