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FxWirePro- Woodies Pivot(Major) 
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FxWirePro- Woodies Pivot(Major) 
- USD/KRW is currently trading around 1,104 levels.
- It made intraday high at 1,105 and low at 1,103 marks.
- Intraday bias remains neutral till the time pair holds key resistance at 1,107 levels.
- A daily close above 1,107 will drag the parity higher towards key resistances at 1,112, 1,125, 1,142, 1,152, 1,162, 1,176, 1,182, 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 1,101 will test key supports at 1,089/1,078/1,063/1,044 levels respectively.
- In addition, South Korea’s Kospi was trading around 0.98 percent lower at 2,048.52 points.
- South Korea’s September Nikkei Markit manufacturing PMI decreases to 47.6 vs previous 48.6.
- South Korea’s September new export orders fall to 3-year low of 46.3, vs 48.6 in August- Nikkei/Markit.
We prefer to go long on USD/KRW only above 1,107 with stop loss at 1,089 and target of 1,122/1,138.
