Published: 2025-10-31T02:54:52.000Z
Chart USD/KRW Update: Consolidating at 1420.00 level
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Limited on break of the 1425.00 support as prices consolidate test of the 1420.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1450.00 | * | congestion | S1 | 1420.00 | * | congestion | |
| R3 | 1446.00 | ** | 28 Apr, 2022 year highs | S2 | 1415.00 | ** | 16 Oct low | |
| R2 | 1440.00 | * | congestion | S3 | 1406.00 | ** | Aug high | |
| R1 | 1435.00 | 14 Oct high | S4 | 1400.00 | * | congestion |
Asterisk denotes strength of level
02:50 GMT - Limited on break of the 1425.00 support as prices consolidate test of the 1420.00 level. However, daily and weekly studies are unwinding overbought readings and threatens deeper pullback to retrace strong gains from the 1372.00, September low. Would take break of support at the 1420.00/1415.00, congestion and 16 October low, to open up room to strong support at 1406.00 August high and the 1400.00 level. Meanwhile, resistance at 1435.00/1440.00 congestion are expected to cap.