USD/KRW may rise to 1416.10 - 1435.10

Our pivot point stands at 1343.40.

Our preference

The upside prevails as long as 1343.40 is support.

Alternative scenario

Below 1343.40, expect 1311.50 and 1292.60.

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 1364.40 and 1364.80).

Supports and resistances

1473.30 **

1454.20 *

1435.10 **

1416.10

1376.56 last

1355.90

1343.40 **

1311.50 *

1292.60 **

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