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

Market news

24 February 2022

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.”

Currencies. Daily history for Thursday, February 24, 2022

Commodities. Daily history for Wednesday, February 23, 2022

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