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FxWirePro: GBP/NZD gains some upside momentum but still bearish 
- USD/KRW is currently trading around 1150 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 1157 mark.
- A sustained close below 1148 will tests key supports at 1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
- Alternatively, a daily close above 1162 will drag the parity higher towards key resistances at 1168, 1172, 1176, 1182, 1196 (June 01, 2016 high), 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
- In addition, South Korea’s Kospi was trading 0.33% lower at 1,986.38 points.
We prefer to take short position in USD/KRW only below 1148, stop loss 1157 and target 1138/ 1127 marks.
