- USD/KRW is currently trading around 1186 levels.
- It made intraday high at 1188 and low at 1175 levels.
- Intraday bias remains bullish till the time pair holds key support at 1182 mark.
- A sustained close below 1182 will tests key supports at 1172/1162/1153/1142 (20D EMA)/ 1134/1127 (October 2015 low) /1121/1115 levels respectively.
- Alternatively, a daily close above 1196 will drag the parity higher towards key resistances at 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
- In addition, South Korea’s Kospi was trading 0.49% lower at 1,915.92 points.
We prefer to take short position in USD/KRW around 1196, stop loss 1209 and target 1172/1153 marks respectively.


FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: AUD/USD retreats slightly but trend is still bullish
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD gains some upside momentum but still bearish
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone
FxWirePro: USD/JPY holding bid into weekend
FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major) 



