Published: 2025-03-11T02:38:42.000Z
Chart USD/KRW Update: Extending bounce from 1440.00 support
Technical Analyst
-
Extending bounce from the 1440.00 support with break above 1455.00 resistance opening up room for retest of the 1464.00 high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1477.00 | ** | 2 Jan YTD high | S1 | 1450.00 | * | 6 Mar high | |
| R3 | 1472.00 | ** | 3 Feb high | S2 | 1440.00 | ** | congestion | |
| R2 | 1464.00 | ** | 28 Feb high | S3 | 1427.00 | * | Jan low | |
| R1 | 1460.00 | * | congestion | S4 | 1425.00 | ** | 24 Feb YTD low |
Asterisk denotes strength of level
02:35 GMT - Extending bounce from the 1440.00 support with break above 1455.00 resistance opening up room for retest of the 1464.00 high. Daily studies have turned positive and suggest scope for break here to open up room for retest of strong resistance at the 1472.00, February high. Gains are seen corrective and reaction at the latter expected to meet with selling pressure. Meanwhile, support is raised to the 1450.00 congestion then the 1440.00 congestion and low of last week which underpin. Break here will open up the 1427.00 and 1425.00, January/February lows to retest.