USD/KRW may rise 654 - 954 pips

Our pivot point stands at 1366.80.

Our preference

The upside prevails as long as 1366.80 is support.

Alternative scenario

Below 1366.80, expect 1361.70 and 1358.70.

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 1371 and 1370.80).

Supports and resistances

1387.10 **

1384.00 *

1380.90 **

1377.90

1371.36 last

1368.90

1366.80 **

1361.70 *

1358.70 **

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