USD/KRW may rise to 1419.10 - 1439.40

Our pivot point stands at 1347.00.

Our preference

The upside prevails as long as 1347 is support.

Alternative scenario

Below 1347, expect 1313.10 and 1292.90.

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 1366.10 and 1367.10).

Supports and resistances

1479.90 **

1459.60 *

1439.40 **

1419.10

1378.10 last

1360.30

1347.00 **

1313.10 *

1292.90 **

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