- USD/KRW is currently trading around 1194 levels.
- Today Korea released Unemployment rate with negative numbers at 4.1% m/m vs 3.5% previous release.
- Intraday bias remains slightly bullish for the moment.
- On the top side, key resistance falls at 1201/1210 levels.
- Alternatively, reversal from key resistance will drag the parity down around 1180 marks.
- Key support levels are seen at 1180, 1174 and 1166 levels thereafter.
We prefer to take long position in USD/KRW around 1190, stop loss 1186 and target 1210/ 1217 marks.
