USD/KRW: Risk of pullback if 1189 breaks – SocGen

USD/KRW has staged a down move after hitting 1212 last month. In the view of analysts at Société Générale, the 1169/65 area should cushion the downside.

Next target on the upside located at 1217 and 1227

“A large downside is not envisaged; 200-DMA near 1169/1165 should be an important support.”

“Next objectives are at projections of 1217 and 1227.”