Published: 2025-07-22T02:57:17.000Z
Chart USD/KRW Update: Extending rejection from 1395.00/1400.00 resistance
Technical Analyst
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Extending rejection from test of strong resistance at the 1395.00/1400.00, June/April 2024 highs
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1420.00 | * | congestion | S1 | 1380.00 | * | 7 Jul high | |
| R3 | 1412.00 | ** | Apr low | S2 | 1370.00 | * | 3 Jul high | |
| R2 | 1400.00 | * | Apr 2024 high, 38.2% | S3 | 1365.00 | * | 5 May low | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1360.00 | * | 26 May low |
Asterisk denotes strength of level
02:50 GMT - Extending rejection from test of strong resistance at the 1395.00/1400.00, June/April 2024 highs. Pullback see prices consolidating strong gains from the 1348.00 June low towards support at the 1380.00 congestion which should underpin. Would take break here to fade the upside pressure return focus to the downside to the 1370.00 level and the strong support at 1365.00/1360.00 area. Meanwhile, resistance at the 1395.00/1400.00 area expected to cap. Clearance will further retrace the April/June fall.