Failure to cross 1,310 could result in one more down leg – SocGen

Share: Economists at Société Générale analyze USD/KRW technical outlook. Reclaiming the 200-DMA essential for affirming an extended up-move USD/KRW has experienced a deeper pullback after failing to overcome a multi-month trend line and the 200-DMA near 1,324 (now at 1,305/1,310). It has recently formed an interim trough near 1,257. An initial bounce is