Published: 2025-09-03T02:33:00.000Z
Chart USD/KRW Update: Retest 1395.00/1400.00 resistance
Technical Analyst
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Higher in choppy trade to retest strong resistance at the 1395.00/1400.00 area which is expected to cap
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1420.00 | * | congestion | S1 | 1380.00 | * | congestion | |
| R3 | 1412.00 | ** | Apr low | S2 | 1375.00 | ** | 13 Aug low | |
| R2 | 1406.00 | ** | 1 Aug high | S3 | 1370.00 | * | congestion | |
| R1 | 1400.00 | * | Apr 2024 high | S4 | 1365.00 | ** | 5 May low |
Asterisk denotes strength of level
02:25 GMT - Higher in choppy trade to retest strong resistance at the 1395.00/1400.00 area which is expected to cap. Clearance here, if seen, will open up room for stronger gains to correct the April/June losses and see room to 1406.00, August bounce high. Meanwhile, support remains at the 1380.00/1375.00 area which should underpin and see break here needed to return focus to the downside. Break will see room for retest of the strong support at the 1365.00/1360.00 area then the 1350.00/1348.00 lows.