Published: 2025-07-28T03:04:58.000Z
Chart USD/KRW Update: Consolidating, room for higher
Technical Analyst
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Above the 1380.00 resistance sets up scope for retest of the 1395.00/1400.00 resistance
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1375.00 | * | 24 Jul high | |
| R3 | 1400.00 | ** | Apr 2024 high, 38.2% | S2 | 1365.00 | * | 5 May low | |
| R2 | 1395.00 | * | Jun 2024 high | S3 | 1360.00 | * | 26 May low | |
| R1 | 1390.00 | * | Jun high | S4 | 1348.00 | ** | 30 Jun YTD low |
Asterisk denotes strength of level
02:50 GMT - Turned up from the 1365.00/1360.00 support and bounce above the 1380.00 resistance sets up scope for retest of the 1395.00/1400.00 resistance and 38.2% Fibonacci level. Daily studies are tracking higher and clearance here will see scope for stronger gains to retrace the April/June losses. Meanwhile, support is raised to 1375.00/1370.00 area which should underpin and sustain bounce from the 1365.00/1360.00 May lows. Failure here will open up the 1351.00/1348.00, June lows to retest.