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- USD/KRW: Rebound could extend on a move beyond 1325/1330 – SocGen
USD/KRW: Rebound could extend on a move beyond 1325/1330 – SocGen
The USD/KRW pair is in vicinity to intermittent resistance zone at 1325/1330. A break above here would open up further gains toward 1357, then 1394/97, analysts at Société Générale report.
Defence of 1288 would be crucial for averting a deeper pullback
“Recent pivot low of 1288 is a short-term support.”
“In case the pair establishes itself above 1325/1330, the phase of rebound could extend towards 1357, the 61.8% retracement from last October and 1394/1397.”
“Defence of 1288 would be crucial for averting a deeper pullback.”
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