Published: 2025-11-18T03:01:39.000Z
Chart USD/KRW Update: Extending bounce from 1448.00 low
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Rebound from the 1448.00 low has seen extension to regain the 1460.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1500.00 | * | figure | S1 | 1460.00 | * | congestion | |
| R3 | 1487.00 | ** | 9 Apr YTD high | S2 | 1448.00 | * | 14 Nov low | |
| R2 | 1475.00 | ** | 13 Nov high | S3 | 1446.00 | * | congestion | |
| R1 | 1470.00 | * | congestion | S4 | 1440.00 | ** | congestion |
Asterisk denotes strength of level
02:50 GMT - Rebound from the 1448.00 low has seen extension to regain the 1460.00 level to open up room for retest of the 1470.00 level and 1475.00 high. Gains to retest the latter, expected to give way to consolidation but a later break cannot be ruled out to extend bullish price action from the 1348.00, June low. Clearance will see scope for retest of the 1487.00, April current year high. Meanwhile, support is raised to the 1460.00 congestion then the 1448.00 pullback low, now seen protecting the downside. Would take break here to open up room for pullback to retrace gains from the June low.