Published: 2025-07-31T02:59:09.000Z
Chart USD/KRW Update: Back to pressure 1395.00/1400.00 resistance
Technical Analyst
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Bounce at the 1380.00 level see pressure returning to the upside to retest strong resistance at 1395.00/1400.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1418.00 | * | 50% Apr/Jun fall | S1 | 1380.00 | * | congestion | |
| R3 | 1412.00 | ** | Apr low | S2 | 1365.00 | ** | 24 Jul low | |
| R2 | 1400.00 | ** | Apr 2024 high, 38.2% | S3 | 1360.00 | * | 26 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:50 GMT - Bounce at the 1380.00 level see pressure returning to the upside to retest strong resistance at the 1395.00/1400.00 area. Clearance here will extend gains from the June double bottom at 1350.00/1348.00 lows to retrace losses from the April high. Higher will see room to the 1410.00/142.00 congestion and April low. Corrective gains are expected to give way to renewed selling pressure later with support raised to the 1380.00 congestion expected to underpin. Break here will return focus to the downside for retest of 1365.00/1360.00 area.