Published: 2025-09-12T02:51:12.000Z
Chart USD/KRW Update: Sideways within a narrowing range
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Little change, as prices extend choppy trade within the 1400.00/1380.00 range
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1412.00 | ** | Apr low | S1 | 1380.00 | * | congestion | |
| R3 | 1406.00 | ** | 1 Aug high | S2 | 1375.00 | ** | Aug low | |
| R2 | 1400.00 | * | Apr 2024 high | S3 | 1370.00 | * | congestion | |
| R1 | 1395.00 | * | Jun 2024 high | S4 | 1365.00 | ** | 5 May low |
Asterisk denotes strength of level
02:45 GMT - Little change, as prices extend choppy trade within the 1400.00/1380.00 range, the narrowing range around the 1390.00 level suggest breakout imminent. Negative daily studies suggest risk for break to the downside through the 1380.00 support which will open up room for deeper pullback to retrace gains from the June low. Lower will turn focus to strong support at the 1365.00/1360.00 area. Below this will return focus to the 1350.00/1348.00, June current year lows. Meanwhile, resistance at the 1395.00/1400.00 area is expected to cap.