- USD/KRW is currently trading around 1,180 levels.
- It made intraday high at 1,182 and low at 1,177 marks.
- Intraday bias remains bullish till the time pair holds key support at 1,172 levels.
- A daily close above 1,182 will drag the parity higher towards key resistances at 1,196, 1,201, 1,209 (20D EMA) and 1,220 (March 03, 2016 high) marks respectively.
- On the other side, a sustained close below 1,172 will test key supports at 1,152/1,146/1,132/1,127/1,117/1,111/1,101/1,089/1,078/1,063/1,044 levels respectively.
- Seoul shares open up 0.07 pct at 1972.60.
- South Korea November consumer sentiment index decreases to 95.8 vs previous 102.
We prefer to go long on USD/KRW only above 1,182, stop loss at 1,172 and target of 1,196.
