Turning point for the South Korean Won
Picture perfect technical setup here for a short play to the downside for USDKRW.
- We hold a guarded optimistic view on economic recovery across the South Korean economy following revisions in growth expectations. We see slowing growth bottoming out with sensitivity now positioned to the upside and a gradual rebound across the semiconductor sector as a hedge against further monetary easing.
- Confirmation via BOK commentary should see decisive technical conviction through the neckline and flows into the buyside floor as optimism rises.
- Put exposure added across our macro and directional portfolios.
- We hold a guarded optimistic view on economic recovery across the South Korean economy following revisions in growth expectations. We see slowing growth bottoming out with sensitivity now positioned to the upside and a gradual rebound across the semiconductor sector as a hedge against further monetary easing.
- Confirmation via BOK commentary should see decisive technical conviction through the neckline and flows into the buyside floor as optimism rises.
- Put exposure added across our macro and directional portfolios.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.