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Published: 2025-07-25T02:42:47.000Z

Chart USD/KRW Update: Extending bounce from 1365.00/1360.00 support

byPakLai Ng

Technical Analyst
-

Bounce from above the 1365.00/1360.00 support see the resulting pin bar reversing losses from the 1395.00/1400.00

 LevelsImpComment  LevelsImpComment
R41400.00**Apr 2024 high, 38.2% S11365.00*5 May low
R31395.00*Jun 2024 high S21360.00*26 May low
R21390.00*Jun high S31350.00**10 Jun low
R11380.00*congestion S41348.00**30 Jun YTD low        

Asterisk denotes strength of level

02:30 GMT - Bounce from above the 1365.00/1360.00 support see the resulting pin bar reversing losses from the 1395.00/1400.00 resistance. Nearby see resistance at the 1380.00 congestion where clearance will open up room for retest of the 1390.00/1395.00 resistance and 1400.00 level and 38.2% Fibonacci level. Clearance here, will trigger stronger correction of the April/June losses. Meanwhile, support at 1365.00/1360.00 May lows underpin and sustain gains from the 1348.00, current year low.

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Topics
USD/KRW-TA
EM-Technical
Technical Analysis

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