#USDKRW @ 1,326.76 : Phase of rebound to extend on a break above 1,342 – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Economists at Société Générale analyze USD/KRW technical outlook.
“USD/KRW up move has stalled after failure to overcome 1,342 on second attempt earlier this month. In recent pullback, it has successfully defended interim support zone near previous bullish gap at 1,304/1,295. Only if this gets violated would there be risk of a deeper decline.”
“Short-term price action could remain in a range defined by limits roughly at 1,304 and recent high of 1,342. Once this hurdle is overcome, the phase of rebound is likely to extend towards 1,357, the 61.8% retracement from last October and 1,376.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
