- USD/KRW is currently trading around 1174 levels.
- It made intraday high at 1177 and low at 1173 levels.
- Intraday bias remains bearish for the moment.
- Pair breaks key support at 1180 mark and hits fresh 2 month low at 1173.
- A sustained close below 1173 will target 1162/1153 marks thereafter.
- Alternatively, reversal from key support will drag the parity up around 1180/1193/1201 marks.
We prefer to take short position in USD/KRW around 1176, stop loss 1186 and target 1162/ 1153 marks.
