Published: 2025-01-13T03:13:41.000Z
Chart USD/KRW Update: Extending bounce from 1446.00 support
Technical Analyst
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Bounce from the 1446.00 support through the 1466.00 resistance see pressure returning to the 1474.00/1478.00 area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | ** | 12 Mar 2009 high | S1 | 1466.00 | * | 27 Dec low | |
| R3 | 1487.00 | ** | 2024 year high | S2 | 1455.00 | * | congestion | |
| R2 | 1480.00 | * | figure | S3 | 1446.00 | ** | 2022 year high | |
| R1 | 1478.00 | * | 31 Dec high | S4 | 1438.00 | * | 9 Dec high |
Asterisk denotes strength of level
03:00 GMT - Bounce from the 1446.00 support through the 1466.00 resistance see pressure returning to the 1474.00/1478.00 area. Break here and the 1480.00 level will return focus to the 1487.00 high. Daily studies remains overbought and suggest the latter should cap and see further consolidation below this. Clearance will extend the underlying bull trend from the 2014 low and see scope for extension to the 1500.00 level. Meanwhile, support is raised to the 1466.00 congestion and 27 December low which now underpin and sustain bounce from the strong support at the 1455.00/1446.00 area.