Published: 2025-08-01T02:50:02.000Z
Chart USD/KRW Update: Pressuring 1400.00, room for break
Technical Analyst
-
Pressure remain on the upside and break above resistance at 1395.00 see extension to the 1400.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1420.00 | * | congestion | S1 | 1391.00 | * | Jun high | |
| R3 | 1418.00 | * | 50% Apr/Jun fall | S2 | 1380.00 | * | congestion | |
| R2 | 1412.00 | ** | Apr low | S3 | 1365.00 | ** | 24 Jul low | |
| R1 | 1400.00 | * | Apr 2024 high, 38.2% | S4 | 1360.00 | * | 26 May low |
Asterisk denotes strength of level
02:45 GMT - Pressure remain on the upside and break above resistance at 1395.00 see extension to the 1400.00 level. Clearance here will extend gains from the June double bottom at 1350.00/1348.00 lows to retrace losses from the April high and see room to the 1410.00/142.00 congestion and April low. Corrective gains are expected to give way to renewed selling pressure later with support raised to the June high at 1391.00 which is expected to underpin and sustain gains from the 1365.00 low of last week.