Fxwirepro: South Korean Won Opens Onshore Trade at 1,137.5 Per Dollar, Faces Strong Support at 1128

USD/KRW is currently trading around 1134 levels.
It made intraday high at 1136 and low at 1133 levels.
Intraday bias remains bearish till the time pair holds key resistance at 1142 mark.
A sustained break below 1128(October 2015 low) will tests key supports at 1121/1115/1101/1095/1078/1063 levels respectively.
Alternatively, a daily close above 1142 will drag the parity higher towards key resistances at 1152, 1162, 1176, 1182, 1196, 1201, 1209 (20D EMA) and 1220 (March 03, 2016 high) marks respectively.
In addition, South Korea’s Kospi was trading 0.05% lower at 2,011.28 points.
We prefer to take short position in USD/KRW only below 1128, stop loss 1142 and target 1115/ 1101 marks.

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