Published: 2025-08-27T02:55:29.000Z
Chart USD/KRW Update: Extending bounce from 1380.00/1375.00 support
Technical Analyst
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Sharp bounce from the 1380.00 support retracing losses the 1404.00 high of last week to retest the 1395.00/1400.00
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1418.00 | * | 50% Apr/Jun fall | S1 | 1390.00 | * | June high, congestion | |
| R3 | 1412.00 | ** | Apr low | S2 | 1380.00 | * | congestion | |
| R2 | 1406.00 | ** | 1 Aug high | S3 | 1375.00 | ** | 13 Aug low | |
| R1 | 1400.00 | * | Apr 2024 high | S4 | 1370.00 | * | congestion |
Asterisk denotes strength of level
02:45 GMT - Sharp bounce from the 1380.00 support retracing losses the 1404.00 high of last week to retest the 1395.00/1400.00 resistance. Break here, will expose the 1404.00 and 1406.00 highs to retest and see room to extend the broader gains from the 1348.00, June low. Clearance will see stronger gains to retrace the April/June losses to the 1214.00 resistance and 1418.00, 50% Fibonacci level. Meanwhile, support is raised to 1390.00 congestion and June high.