FxWirePro: USD/KRW Hovers Around Key Resistance at 1153, Intraday Bias Remains Neutral

FxWirePro: USD/KRW Hovers Around Key Resistance at 1153, Intraday Bias Remains Neutral

4 May 2016, 04:55
Roberto Jacobs
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FxWirePro: USD/KRW Hovers Around Key Resistance at 1153, Intraday Bias Remains Neutral

  • USD/KRW is currently trading around 1154 levels. 
  • It made intraday high at 1154 and low at 1150 levels. 
  • Intraday bias remains neutral till the time pair holds key resistance at 1153 levels. 
  • A daily close above 1153 will drag the parity up towards key resistances at 1168/1172/1180/1193 marks. 
  • A sustained close below 1153 will test key supports at 1142/1134/1127/1121/1115 levels respectively.

We prefer to take long position in USD/KRW only above 1154, stop loss 1142 and target 1168/1172 levels.

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