AceTraderFx July 2 : Daily Outlook on Asian Exotics USD/KRW

[acetraderfx]

DAILY USD/KRW OUTLOOK - 1134.0

02 Jul 2013 05:48GMT

Despite intra-day fall to 1129.4, subsequent rebound suggests corrective fall fm 1163.5 has made a temp. low there, abv 1137.0 is needed to confirm.

Wud be prudent to exit short as only below said sup yields further weakness to 1125.1.

STRATEGY : Exit short

POSITION : Short at 1134.0

RES : 1137.0/1144.8/1148.4

SUP : 1129.4/1125.1/1121.0