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- USD/KRW: Risk of pullback if 1189 breaks – SocGen
USD/KRW: Risk of pullback if 1189 breaks – SocGen
USD/KRW has staged a down move after hitting 1212 last month. In the view of analysts at Société Générale, the 1169/65 area should cushion the downside.
Next target on the upside located at 1217 and 1227
“A large downside is not envisaged; 200-DMA near 1169/1165 should be an important support.”
“Next objectives are at projections of 1217 and 1227.”
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