USD/KRW may rise to 1392.70 - 1413.40

Our pivot point is at 1315.00.

Our preference

The upside prevails as long as 1315 is support.

Alternative scenario

Below 1315, expect 1280.40 and 1259.80.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1328 and 1339.60).

Supports and resistances

1454.90 **

1434.10 *

1413.40 **

1392.70

1348.41 last

1328.60

1315.00 **

1280.40 *

1259.80 **

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