- USD/KRW is currently trading around 1,122 levels.
- It made intraday high at 1,124 and low at 1,121 levels.
- Intraday bias remains bullish till the time pair holds key support at 1,107 levels.
- A sustained close below 1,107 will test key supports at 1,092/1,078/1,063/1044 levels respectively.
- Alternatively, current up trend will drag the parity higher towards key resistances at 1,124, 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 around 0.48 percent lower at 2,046 points.
- South Korea August 1-20 exports -0.3 pct y/y, imports -0.7 pct y/y -customs agency.
We prefer to take long position in USD/KRW around 1,120 with stop loss at 1,092 and target of 1,142/1,152.


FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/JPY catches bid ahead of BoJ meeting
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision 



