Published: 2025-09-25T02:48:47.000Z
Chart USD/KRW Update: Retest 1406.00, August high
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Consolidation below the 1400.00 level has given way to break to extend bounce from the 1372.00 low of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1420.00 | * | congestion | S1 | 1390.00 | * | congestion | |
| R3 | 1417.00 | * | 50% Apr/Jun fall | S2 | 1380.00 | * | congestion | |
| R2 | 1412.00 | ** | Apr low | S3 | 1372.00 | ** | 17 Sep low | |
| R1 | 1406.00 | * | 1 Aug high | S4 | 1365.00 | ** | 5 May low |
Asterisk denotes strength of level
02:40 GMT - Consolidation below the 1400.00 level has given way to break to extend bounce from the 1372.00 low of last week to retest the 1406.00, August high. Break here will extend the June gains and further retrace losses from the April high. Higher will see room to strong resistance at 1412.00 April low and 1417.00, 50% Fibonacci level. Meanwhile, support is raised to the 1390.00 congestion which should underpin. Would take break here to return focus to the downside for retest of 1380.00 congestion and 1372.00 low.