Published: 2025-08-18T02:49:22.000Z
Chart USD/KRW Update: Extend choppy trade above 1380.00 support
Technical Analyst
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Extending choppy trade above the 1380.00 congestion as prices unwind the oversold intraday and daily studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1375.00 | 13 Aug low | ||
| R2 | 1400.00 | * | Apr 2024 high | S3 | 1365.00 | * | 24 Jul low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1360.00 | ** | 26 May low |
Asterisk denotes strength of level
02:45 GMT - Extending choppy trade above the 1380.00 congestion as prices unwind the oversold intraday and daily studies. Bounce from the 1380.00/1375.00 area sets up scope for retest of the 1395.00 and 1400.00 resistance. Clearance here will expose the 1406.00 high to retest and further retrace the April/June losses. However, gains are corrective and expected to give way to renewed selling pressure later. Break of 1380.00/1375.00 support will open up room to the 1370.00 level and the 1365.00/1360.00 area.