USD/KRW: Risk of down move towards previous gap near 1,250/1,244 – SocGen USDKRW Technical Analysis Banks
USD/KRW rebound petered out near 1,343 in May and it recently formed a lower peak near 1,324 after failing to overcome the 200-Day Moving Average and a multi-month down sloping trend line. In case the pair struggles to cross above the 200-DMA near 1310, the decline is expected to persist towards previous up-gap near 1,250/1,244.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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