USD/KRW may rise 522 - 742 pips

Our pivot point stands at 1379.10.

Our preference

The upside prevails as long as 1379.10 is support.

Alternative scenario

Below 1379.10, expect 1375.40 and 1373.10.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1382.20 and 1383.60).

Supports and resistances

1395.60 **

1393.40 *

1391.10 **

1388.90

1383.68 last

1380.60

1379.10 **

1375.40 *

1373.10 **

Number of asterisks represents the strength of support and resistance levels.