FxWirePro: USD/KRW Breaks Key Resistance at 1176, a Break Above Targets 1193

FxWirePro: USD/KRW Breaks Key Resistance at 1176, a Break Above Targets 1193

10 May 2016, 05:57
Roberto Jacobs
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FxWirePro: USD/KRW Breaks Key Resistance at 1176, a Break Above Targets 1193

  • USD/KRW is currently trading around 1173 levels. 
  • Intraday bias remains bullish till the time pair holds key support at 1162 levels. 
  • A daily close above 1176 will drag the parity up towards key resistances at 1180/1193/1211 marks. 
  • A sustained close below 1162 will test key supports at 1153/1142/1134/1127/1121/1115 levels respectively.

We prefer to take long position in USD/KRW only above 1176, stop loss 1162 and target 1193/1211.

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