USD/KRW may fall to 1302.50 - 1319.90

Our pivot point stands at 1386.00.

Our preference

The downside prevails as long as 1386 is resistance.

Alternative scenario

Above 1386, look for 1415.40 and 1433.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1361.60 and 1361.10).

Supports and resistances

1433.00 **

1415.40 *

1386.00 **

1374.40

1359.08 last

1319.90

1302.50 **

1285.00 *

1267.60 **

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