- USD/KRW is currently trading around 1,112 levels.
- It made intraday high at 1,113 and low at 1,110 levels.
- Intraday bias remains bearish for the moment.
- A sustained close below 1,110 will test key supports at 1,101/1,095/1,078/1,063 levels respectively.
- Alternatively, reversal from immediate support will drag the parity higher towards key resistances at 1,128, 1,138, 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.
- In addition, South Korea’s Kospi was trading 0.72 percent higher at 2,030.28 points.
- South Korea July Nikkei Markit manufacturing PMI decrease to 50.1 vs previous 50.5.
- South Korea July new export orders 51.4 vs 51.2 in June - Nikkei/Markit.
We prefer to take short position in USD/KRW only below 1,110 with stop loss at 1,128 and target 1,078.


FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro- Major European Indices
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: AUD/USD dips on soft China data
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro- Woodies Pivot(Major) 



