FxWirePro: USD/KRW Remains Well supported Above 1135, Good to Buy on Dips
- USD/KRW is currently trading around 1140 levels.
- It made intraday high at 1141 and low at 1138 levels.
- Intraday bias remains bullish till the time pair holds immediate support at 1135 marks.
- A daily close above 1138 will drag the parity up towards key resistances at 1142/1153/1168/1172/1180/1193 marks.
- Alternatively, reversal from 1142 tests key supports at 1135/1126/1121/1115/1101 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms bearish trend. Current upside movement is likely to be short term correction only.