Published: 2026-02-02T02:52:18.000Z
Chart USD/KRW Update: Retracing January losses
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Extending bounce from the 1421.00 low as prices retrace the January losses to reach towards 1460.00 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1484.00 | ** | Dec high | S1 | 1450.00 | * | congestion | |
| R3 | 1480.00 | ** | congestion | S2 | 1440.00 | * | congestion | |
| R2 | 1470.00 | * | congestion | S3 | 1430.00 | * | Dec low | |
| R1 | 1460.00 | * | congestion | S4 | 1421.00 | ** | Jan low |
Asterisk denotes strength of level
02:45 GMT - Extending bounce from the 1421.00 low as prices retrace the January losses to reach towards 1460.00 congestion. Gains see prices unwinding oversold daily studies which is expected to give way to renewed selling pressure later. Meanwhile, support is raised to the 1450.00/1440.00 congestion area. Break here will expose the 1430.00 and 1421.00, December/January lows to retest. Break of the latter will open up room for deeper pullback to retrace the June/December rally and see room to 1416.00, 50% Fibonacci level.