- USD/KRW is currently trading around 1,205 levels.
- It made intraday high at 1,205 and low at 1,201 marks.
- Intraday bias remains bullish till the time pair holds key support at 1,194 levels.
- A daily close above 1,206 will drag the parity higher towards key resistances at 1,209 (20D EMA), 1,220 (March 03, 2016 high) and 1,244 marks respectively.
- On the other side, a sustained close below 1,194 will test key supports at 1,182/1,172/1,168/1,160/1,152/1,146/1,132/1,127/1,117/1,111/1,101 levels respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- South Korea Central bank says debt-servicing ability may fall at some households as interest rate rises.
- South Korea Central bank says level of private sector leverage worsened in Q3 2016 vs 2015- end.
We prefer to take long position in USD/KRW around 1,202, stop loss at 1,194 and target of 1,220/1,228.


FxWirePro: GBP/USD rises as weak U.S. jobs data pressures dollar
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro- Woodies pivot (Major)
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD slips after surprise U.S. employment data
FxWirePro- Major Pair levels and bias summary
FxWirePro : USD/CAD falls as strong Canadian jobs data lifts loonie
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: GBP/AUD eases slightly, focus on near-term support 



