- Analytics
- News and Tools
- Market News
- USDKRW: Ongoing pullback to persist toward potential support of 1372 – SocGen
USDKRW: Ongoing pullback to persist toward potential support of 1372 – SocGen
USDKRW has dipped below 1400. Analysts at Société Générale expect the pair to extend its slide towards the 1372 support.
Elongated consolidation likely to develop while below 1413
“USDKRW has violated the lower band of recent brief consolidation and the 50-Day Moving Average with a weekly bearish gap denoting short-term downtrend.”
“Ongoing pullback is expected to persist towards potential support of 1372 representing the trend line connecting May and August and 1366/1358, the 23.6% retracement from 2021.”
“In case the pair remains unable to reclaim recent gap near 1413, an elongated consolidation is likely to develop.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
