USD/KRW may rise to 1390.50 - 1413.00

Our pivot point is at 1309.30.

Our preference

Rebound towards 1413.00.

Alternative scenario

Below 1309.30, expect 1271.70 and 1249.30.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (1337.40) but below its 50 period moving average (1361.10).

Supports and resistances

1458.00 **

1435.50 *

1413.00 **

1390.50

1344.46 last

1324.10

1309.30 **

1271.70 *

1249.30 **

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