USD/KRW may rise 605 - 875 pips

Our pivot point stands at 1371.70.

Our preference

The upside prevails as long as 1371.70 is support.

Alternative scenario

Below 1371.70, expect 1367.10 and 1364.40.

Comment

The RSI is above its neutrality area at 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 1373.90 and 1374).

Supports and resistances

1391.30 **

1388.60 *

1385.80 **

1383.10

1377.05 last

1373.50

1371.70 **

1367.10 *

1364.40 **

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