empty
 
 

2016.07.2421:48:00UTC+00Fxwirepro: South Korean Won Opens Onshore Trade at 1,136.6 Per Dollar, Faces Immediate Support at 1132

  • USD/KRW is currently trading around 1137 levels.
     
  • It made intraday high at 1137.70 and low at 1135.70 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 1128 mark.    
     
  • A sustained break below 1128(October 2015 low) will tests key supports at 1121/1115/1101/1095/1078/1063 levels respectively.
     
  • Alternatively, a daily close above 1142 will drag the parity higher towards key resistances at 1152, 1162, 1176, 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
     
  • In addition, South Korea’s Kospi was trading 0.18% higher at 2,013.28 points.

We prefer to take long position in USD/KRW around 1135, stop loss 1128 and target 1142/1152/1168 marks.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback