USD/KRW: Rebound could extend on a move beyond 1325/1330 – SocGen

The USD/KRW pair is in vicinity to intermittent resistance zone at 1325/1330. A break above here would open up further gains toward 1357, then 1394/97, analysts at Société Générale report.

Defence of 1288 would be crucial for averting a deeper pullback

“Recent pivot low of 1288 is a short-term support.”

“In case the pair establishes itself above 1325/1330, the phase of rebound could extend towards 1357, the 61.8% retracement from last October and 1394/1397.”

“Defence of 1288 would be crucial for averting a deeper pullback.”