- USD/KRW is currently trading around 1,186 levels.
- It made intraday high at 1,186 and low at 1,183 marks.
- Intraday bias remains bullish till the time pair holds key support at 1,172 levels.
- A daily close above 1,187 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 1,186 will test key supports at 1,172/1,168/1,160/1,152/1,146/1,132/1,127/1,117/1,111/1,101 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position in USD/KRW only above 1,186, stop loss at 1,176 and target of 1,196/1,201.


FxWirePro- Woodies Pivot(Major)
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/ZAR extends losses ,eyes 16.400 level
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro- Major Crypto levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: GBP/AUD moves lower on weak UK data 



