7640760 7/12/2017 5:02 PM, USD/KRW ST: the upside prevails as long as 1127.40 is support


1127.40 is our pivot point.


Our preference

: the upside prevails as long as 1127.40 is support.


Alternative scenario

: the downside breakout of 1127.40 would call for 1106.20 and 1093.50.


Comment

: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1142.93 and 1132.07).


Supports and resistances

:

1212.50 **

1199.80 *

1187.20 **

1174.50

1145.03 last

1135.70

1127.40 **

1106.20 *

1093.50 **