Published: 2025-01-23T02:44:32.000Z
Chart USD/KRW Update: Edged up from 1430.00/1428.00 support, but bounce seen limited
Technical Analyst
-
Steadied at the 1430.00/1428.00 support and bounce here see prices unwinding the oversold intraday studies
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1460.00 | * | congestion | S1 | 1428.00 | * | 11 Dec low | |
| R3 | 1455.00 | * | 18 Dec high, congestion | S2 | 1417.00 | * | 38.2% Sep/Dec rally | |
| R2 | 1450.00 | * | congestion | S3 | 1411.00 | * | Nov high | |
| R1 | 1445.00 | ** | 7 Jan low | S4 | 1400.00 | ** | Apr high |
Asterisk denotes strength of level
02:40 GMT - Steadied at the 1430.00/1428.00 support and bounce here see prices unwinding the oversold intraday studies. However, bounce jere likely to be limited with daily and weekly studies still tracking lower and see room for deeper pullback to retrace the strong run-up from the September low. Lower will see room to 1417.00, 38.2% Fibonacci level. Meanwhile, resistance is lowered to the 1445.00 recent low which is expected to cap and sustain losses from the 1487.00, December 2024 year high.