Published: 2025-07-23T02:49:44.000Z
Chart USD/KRW Update: Extending pullback from 1395.00/1400.00 resistance
Technical Analyst
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Under pressure as prices extend pullback from the 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
02:45 GMT - Under pressure as prices extend pullback from the strong resistance at the 1395.00/1400.00, June/April 2024 highs. Pullback see prices retracing gains from the 1348.00 June low and break of 1380.00 congestion will open up room for deeper pullback to the 1370.00 level. Lower still, will turn focus to strong support at 1365.00/1360.00 area. Meanwhile, resistance at the 1395.00/1400.00 area expected to cap. Clearance, if seen, will further retrace the April/June fall.