The USD/KRW currency pair is currently exhibiting a potential Inverse Head and Shoulders pattern, suggesting a significant shift in price momentum. According to analysts at Société Générale, the right shoulder is forming, with the critical neckline positioned around 1488. A decisive breakout above this level could trigger bullish sentiment in the market.
If the USD/KRW breaks through the 1488 neckline, the exchange rate may rally towards subsequent resistance levels at 1497, 1502, and potentially reach as high as 1525. This technical setup indicates heightened trading activity, with traders closely monitoring price movements for confirmation of a bullish trend in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 11:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.