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JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 
- EUR/KRW is currently trading around 1,332 mark.
- It made intraday high at 1,333 and low at 1,330 levels.
- Intraday bias remains neutral till the time pair holds key support at 1,329 mark.
- A sustained close above 1,340 will take the parity lower towards key resistances around 1,358, 1,377, 1,392, 1,400, 1,408 and 1,428 marks respectively.
- On the other side, a daily close below 1,329 will drag the parity down towards key supports around 1,318, 1,307, 1,298, 1,274 and 1,265 marks respectively.
- Important to note here that 20D, 30D and 55D EMA up and confirms the bullish trend in a daily chart.
- South Korea’s kospi was trading 0.51 pct higher at 1,733.78 points.
- South Korea’s Fx – reserves USD stands at 400.21B vs 409.17B previous release.
We prefer to take short position on EUR/KRW only below 1,329, stop loss at 1,340 and target of 1,298/1,274.
