USD/KRW may rise 771 - 1061 pips

Our pivot point is at 1338.80.

Our preference

The upside prevails as long as 1338.80 is support.

Alternative scenario

Below 1338.80, expect 1333.80 and 1330.80.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1342.50 and 1344.30).

Supports and resistances

1360.90 **

1357.90 *

1354.90 **

1352.00

1344.29 last

1340.80

1338.80 **

1333.80 *

1330.80 **

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