FxWirePro: South Korean Won Fails to Sustain Below Fresh 5-Month High, Intraday Bias Remains Neutral

FxWirePro: South Korean Won Fails to Sustain Below Fresh 5-Month High, Intraday Bias Remains Neutral

20 April 2016, 06:13
Roberto Jacobs
0
15

FxWirePro: South Korean Won Fails to Sustain Below Fresh 5-Month High, Intraday Bias Remains Neutral

  • USD/KRW is currently trading around 1132 levels. 
  • It made intraday high at 1132 and low at 1128 levels. 
  • Intraday bias remains neutral for the moment. 
  • A daily close above 1135 will drag the parity up towards key resistances at 1142/1153/1168/1172/1180/1193 marks. 
  • Alternatively, a sustained close below 1126 tests key supports at 1122/1115/1101 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 logo.gif



Share it with friends: