Published: 2025-10-22T03:01:58.000Z
Chart USD/KRW Update: Poised for retest of 1435.00 high
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Consolidation at the 1420.00 level has given way to bounce to retest the 1430.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1450.00 | * | congestion | S1 | 1415.00 | * | 16 Oct low | |
| R3 | 1446.00 | * | 28 Apr high | S2 | 1406.00 | * | Aug high | |
| R2 | 1440.00 | * | congestion | S3 | 1400.00 | * | congestion | |
| R1 | 1435.00 | ** | 14 Oct high | S4 | 1390.00 | * | 22 Sep low, congestion |
Asterisk denotes strength of level
02:50 GMT - Consolidation at the 1420.00 level has given way to bounce to retest the 1430.00 level. Consolidation here is expected to give way to break to retest the 1435.00 high. Clearance here will further retrace the April/July losses and see room for extension to 1440.00 congestion and 1446.00 resistance. Meanwhile, support is raised to the 1420.00/1415.00 congestion and low of last week which should underpin and sustain the broader gains from 1372.00, September low.