Published: 2025-09-08T02:37:17.000Z
Chart USD/KRW Update: Leaning lower from the 1395.00/1400.00 resistance
Technical Analyst
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Leaning lower from the test of resistance at the 1395.00/1400.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1375.00 | ** | Aug low | |
| R2 | 1400.00 | * | Apr 2024 high | S3 | 1370.00 | * | congestion | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1365.00 | ** | 5 May low |
Asterisk denotes strength of level
02:30 GMT - Leaning lower from the test of resistance at the 1395.00/1400.00 area and see room for pullback to support at the 1380.00 level and 1375.00, August low. Would take break here to return focus to the downside to retrace gains from the June low. Lower will see room for retest of the strong support at the 1365.00/1360.00 area then the 1350.00/1348.00 lows. Meanwhile, resistance at hte 1395.00/1400.00 area is expected to cap. Clearance here, if seen, will open up room to further correct the April/June losses.