USD/KRW to extend the rebound to the 1210 mark – SocGen

USD/KRW has pulled back from the interim hurdle of 1184/1186. But economists at Société Générale expect the pair to extend its leg higher towards the 1197/1210 region.

Rebound expected

“Daily Ichimoku cloud at 1146/1140 is a short-term support which should cushion downside.”

“A move beyond 1184/1186 can extend the rebound towards 1197 and 1210, the 61.8% retracement from 2020.”