USD/KRW may rise 622 - 912 pips

Our pivot point stands at 1375.90.

Our preference

Rebound towards 1390.00.

Alternative scenario

Below 1375.90, expect 1371 and 1368.10.

Comment

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (1380.70) but under its 50 period moving average (1382.60).

Supports and resistances

1395.90 **

1392.90 *

1390.00 **

1387.10

1380.88 last

1377.80

1375.90 **

1371.00 *

1368.10 **

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